BOSS Wallet data source, Uniswap today's price trend, UNI's latest price has risen to $14.445, an increase of 3.56%, trading volume $1.065 billion

Observing the candlestick chart, it is currently in a consolidation trend. Compared to 12:00, there is a significant drop, but it has rebounded compared to 08:00. 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.
This phenomenon of volume-price divergence 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, price increases may be difficult to sustain, and investors should be cautious of the risk of price retracement at high levels.
It is advised to pay attention to whether trading volume can keep up with price increases and whether there is new buying interest. Market activity is low, and trading volume is decreasing. The Williams indicator shows that it is currently in a state of neither overbought nor oversold. Recently, trading volume has decreased, with volume down compared to the previous hours, while price has risen and volume has fallen: upward momentum is weakening.

Upward momentum is weakening, and it is recommended to operate cautiously, paying attention to changes in trading volume to avoid blind entry.

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