BOSS Wallet data source, NEAR Protocol real-time price market, the latest price of NEAR today reached $7.259, with a rise of up to 3.01%, trading volume $956 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 20:00, it has slightly increased, compared to 21:00, it has slightly decreased, and it has rebounded compared to 17:00. The price is rising but the trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, which is considered a 'volume-less rise'. In this case, the future price may experience a pullback or sideways consolidation. 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 pullback at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. The trading volume is decreasing while the price is rising. According to the Williams indicator, it is currently in a state of neither overbought nor oversold. Recently, trading volume has decreased, and the trading volume has decreased compared to the previous few hours, with rising prices and decreasing trading volume: upward momentum is weakening.

With weakening upward momentum, it is recommended to stay on the sidelines and pay attention to trading volume and new buying interest.

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