BOSS Wallet data source, Toncoin today's price trend, TON's latest price has broken through to $5.885, with an increase of 2.19%, trading volume $197 million

From the candlestick chart, it can be seen that the current trend is a consolidation trend. Compared to 21:00, there has been a significant increase, a recovery compared to 20:00, and a decline compared to 14:00. Prices are rising but trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is reducing.
This divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may retrace 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 recommended to pay attention to whether trading volume can keep up with price increases and whether new buying interest is coming in. In a consolidation trend, trading volume decreases while prices rise. According to the Williams Indicator, the current market state is overbought. Recently, trading volume has decreased, trading volume has reduced compared to the previous hours, and prices are rising while trading volume is declining: upward momentum is weakening.

The market is overbought, upward momentum is weakening, it is recommended to wait and see, and pay attention to changes in trading volume and new buying interest.

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