BOSS Wallet data source, Polkadot new real-time price trend, the latest price of DOT Polkadot today is $9.264, with an increase of 3.57%, trading volume of $1.362 billion

By studying the candlestick chart, it is currently in a consolidation trend. Compared to 17:00, there has been a significant increase, and a recovery from 10:00, breaking through the high point of 15:00. Prices are rising but trading volume is declining, which typically indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This volume-price divergence phenomenon may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of a high-level retracement, paying attention to whether trading volume can keep up with price increases and whether new buying interest is emerging.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, the current market state is overbought. Recent trading volume has decreased, and the volume is lower than in previous hours, with prices rising and volume declining: upward momentum is weakening.
Upward momentum is weakening, market enthusiasm is low, it is advised to operate cautiously and avoid entering blindly.

The above content is for reference only and does not constitute investment advice.