BOSS Wallet data source, Polkadot (DOT) current price trend, the latest price of DOT has broken through to $7.934, with an increase of 2.06%, trading volume $388 million

After studying the candlestick chart, the current trend is volatile. Compared to 12:00, there has been a significant drop, a recovery compared to 07:00, and a decline compared to 09:00. The synchronous rise in price and trading volume usually indicates strong buying support in the market.
Buyers are making large transactions at higher price levels, indicating optimistic market sentiment and strong bullish sentiment. In this context, future prices may continue to rise as market momentum remains strong with ongoing buying influx.
Investors should focus on the breakout of key resistance levels; if the price can continue to break through and stabilize at higher positions, it suggests the continuation of an upward trend. In a volatile trend, increased trading volume and synchronous rise in price and trading volume are observed.
The Williams indicator shows the current market is overbought. Recently, trading volume has increased, with trading volume higher than in previous hours, and both price and trading volume are rising simultaneously: trading is active, and bullish momentum is strong.
The market's upward momentum is strong; it is recommended to appropriately increase positions, pay attention to resistance level breakouts, and be cautious of overbought risks.

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