BOSS Wallet data source, Pepe real-time price information, the latest price of PEPE today reaches $0.00001954, with an increase of up to 3.55%, trading volume $1.978 billion
From the research results of the candlestick chart, it shows that the current trend is volatile. Compared to a significant drop at 15:00, it has rebounded compared to 10:00, and declined compared to 13:00. When the price rises but the trading volume decreases, it typically indicates that the upward momentum in the market is weakening, with a decrease in the number of buyers.
This volume-price divergence phenomenon is usually caused by a lack of selling pressure. In this context, future prices may see a pullback or consolidate sideways due to the lack of support from trading volume, making it difficult for the price to continue rising. Investors should be wary of the risk of price declines at high levels and pay attention to whether trading volume can keep up with price increases, as well as whether new buying interest is coming in.
Trading volume decreases while the price rises. According to the Williams indicator, it is currently in the overbought zone. Recently, trading volume has decreased, with volume down compared to previous hours, while the price has risen, indicating weakened upward momentum.
The upward momentum is weakening; it is advisable to watch and be cautious of the risk of pullbacks and pay attention to changes in trading volume.
The above content is for reference only and does not constitute investment advice.