BOSS Wallet data source, Uniswap today's market news, latest UNI price: $13.428, 24-hour increase 2.036%, trading volume $312 million

By observing the candlestick chart, it is currently in a consolidation trend. Compared to 14:00, it has increased significantly, rebounding from 13:00, and decreased from 07:00. A price decline with an increase in trading volume usually indicates increased selling pressure, with sellers actively selling.
Such a situation may indicate that the market holds a pessimistic attitude towards future prices, or there may be some negative news triggering panic selling. In this case, future prices may continue to decline due to significant selling pressure and pessimistic market sentiment.
Investors should be cautious about whether the price will break below key support levels; if the support level is breached, it may trigger a larger decline. Market enthusiasm is high, but prices are falling. The Williams indicator shows that the current state is neither overbought nor oversold.
Recently, trading volume has increased, with volume rising compared to the previous few hours, while prices are falling: selling pressure is increasing.
The rise may be driven by market enthusiasm, but selling pressure still exists. It is advisable to observe and pay attention to key support levels.

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