BOSS Wallet data source, ConstitutionDAO today's market news, PEOPLE latest price: $0.04562, up 7.468% in 24 hours, transaction volume $70.512 million

According to the K-line chart analysis, it is now an upward trend. Compared with 14:00, it fell sharply, breaking through the low point of 15:00, and fell slightly compared with 09:00. When the price falls and the trading volume rises, it usually means that the selling pressure in the market increases and the sellers are actively selling.
This situation may be because the market's expectations for future prices have become pessimistic, or it may be affected by some negative news, leading to panic selling. Prices may continue to fall in the future because of heavy selling pressure and pessimistic market sentiment.
Investors should be cautious about whether the price will break below key support levels. If the support level is breached, it may trigger a larger decline. The market is in an upward trend, and trading volume has increased, indicating market activity. The Williams indicator shows that the current market is neither overbought nor oversold.
Recently, trading volume has increased, with volume rising compared to the previous few hours, while prices are declining: selling pressure is increasing.
The increase may be due to market activity; however, increased selling pressure should be monitored. It is recommended to continue observing subsequent trends.

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