BOSS Wallet data source, Binance Coin (BNB) today's market news, latest price of BNB: $696.64, 24-hour increase 0.55%, trading volume $1.915 billion

According to the analysis of the candlestick chart, it is currently in a downtrend. It has risen significantly compared to 15:00 but has decreased compared to 09:00. The price is falling but trading volume is increasing, which usually indicates an increase in selling pressure and sellers are actively selling.
Such a situation may indicate that the market has a pessimistic outlook on future prices, or there may be some negative news triggering panic selling. In this case, future prices may continue to decline due to heavy selling pressure and pessimistic market sentiment.
Investors should be cautious about whether the price will break through key support levels. If the support level is breached, it could trigger a larger decline. Trading volume is increasing, sellers are dominant, and prices are falling. The Williams indicator shows that there is currently no overbought or oversold condition.
Recently, trading volume has increased, with volume rising compared to the previous hours, while prices are falling and volume is increasing: selling pressure is rising.
Although prices are rising, selling pressure still exists. It is recommended to continue observing and wait for the market to clarify its direction before taking action.

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

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