BOSS Wallet data source, NEAR Protocol today's price trend, NEAR's latest price has broken to $5.882, an increase of 3.01%, trading volume $222 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. It has slightly increased compared to 18:00, slightly decreased compared to 19:00, recovered compared to 11:00, and decreased compared to 17:00. The price is rising but trading volume is declining, which usually indicates weakening upward momentum in the market and a decrease in the number of buyers.
This volume-price divergence phenomenon may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it may be difficult for the price to sustain its rise, and investors should be cautious of the risk of price retracement at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether new buying pressure is involved. Trading volume is decreasing while the price is rising. According to the Williams indicator, the current market state shows no overbought or oversold conditions. Recently, trading volume has decreased, trading volume has reduced compared to previous hours, price is rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to observe and pay attention to changes in trading volume and new buying pressure.

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