BOSS Wallet data source, ConstitutionDAO today's market news, PEOPLE latest price: $0.04556, 24-hour increase 2.221%, trading volume $51,932,400

According to the K-line chart, it is currently on an upward trend. Slightly increased compared to 15:00, slightly decreased compared to 14:00, and has rebounded compared to 07:00. The price is rising but trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, which is considered a 'rise without volume.' In this case, future prices may experience a correction or sideways consolidation. Due to the lack of support from trading volume, the price increase may be difficult to sustain, and caution should be taken regarding the risk of price pullback at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there are new buying orders. Upward trend, decreasing trading volume, rising prices. According to the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, trading volume has decreased compared to the previous few hours, prices are rising, and trading volume is declining: upward momentum is weakening.

The market's upward momentum is weakening, it is recommended to remain cautious, appropriately reduce positions, and pay attention to subsequent trading volume and new buying orders.

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