BOSS Wallet data source, ConstitutionDAO today's market news, PEOPLE latest price: $0.0673, 24-hour drop -1.81%, trading volume $220 million

By analyzing the candlestick chart, it is currently an upward trend. Compared to 21:00, there has been a significant increase, and a recovery from 17:00, breaking through the high point of 22:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price retreats at high levels.
It is recommended to pay attention to whether trading volume can keep up with price increases and whether there is new buying interest. The market trend is upward, trading volume is decreasing, and prices are rising. The William indicator indicates that it is currently in an overbought state. Recently, trading volume has decreased, trading volume has decreased compared to previous hours, and prices are rising while trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, or there is a risk of retracement, it is recommended to reduce positions in a timely manner and pay attention to changes in trading volume and new buying interest.

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