BOSS Wallet data source, latest price news for Polkadot (DOT), the real-time price of DOT has increased by 2.06% to $6.648, with a trading volume of $416 million.
According to the analysis results of the candlestick chart, it is currently in a volatile trend. It has slightly increased compared to 13:00, slightly decreased compared to 12:00, and has rebounded compared to 07:00. The price is declining but the trading volume is increasing, which usually indicates increased selling pressure, with sellers actively selling.
This may be due to the market holding a pessimistic attitude towards future prices, or being influenced by negative news, triggering panic selling. In this case, future prices may continue to decline due to high selling pressure and low market sentiment.
Investors need to pay attention to whether the price will break below key support levels. If the support level is breached, it may lead to a larger decline. The market is active, and prices are moving downward. The Williams indicator shows that the current state is neither overbought nor oversold.
Recently, trading volume has increased, with volume rising compared to the previous few hours, while prices are falling and trading volume is increasing: selling pressure is rising.
The increase may be influenced by various factors; it is recommended to continue monitoring and remain vigilant, adjusting positions according to one's own situation.
The above content is for reference only and does not constitute investment advice.