BOSS Wallet data source, NEAR Protocol current price trend, NEAR latest price has broken through to $5.407, an increase of 3.03%, trading volume $205 million

According to the candlestick chart analysis, it is currently in a volatile trend. Compared to 22:00, there was a sharp decline, but it has rebounded since 15:00. When the price rises while trading volume decreases, it usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to sustain an upward trend, and one should be wary of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
Overbought condition, trading volume decreasing, price rising. The Williams indicator indicates that it is currently an overbought period. Recent trading volume has decreased, with volume dropping compared to the previous few hours while the price is rising: upward momentum is weakening.

Upward momentum is weakening, possible pullback or consolidation, it is recommended to watch and pay attention to trading volume and new buying.

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