BOSS Wallet data source, Polkadot (DOT) real-time price trend, the latest price of DOT today reached $7.021, with an increase of 2.00%, and a trading volume of $176 million.

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 17:00, there was a slight increase; compared to 16:00, a slight decrease; and a rebound compared to 09:00. The price is rising but the trading volume is declining, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered a 'no-volume increase.' In this case, there may be a correction or consolidation in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and one should be cautious of the risk of price retreat at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering the market. Trading volume has decreased while the price has risen. According to the Williams indicator, the current state is overbought. Recently, trading volume has decreased, with volume lower than in previous hours, while the price has risen and volume has declined: upward momentum is weakening.

The upward momentum is weakening, it is recommended to remain cautious and vigilant of the risk of price retreat.

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