BOSS Wallet data source, NEAR Protocol real-time price quotes, NEAR's latest price today is $5.547, up 3.01%, with a transaction volume of $298 million

After studying the K-line chart, it is now in a volatile trend. It has risen sharply compared to 07:00, rebounded compared to 06:00, and broke through the high point of 08:00. When prices rise but trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling. In this context, prices may experience a correction or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be wary of the risk of price decline at high levels and pay attention to whether trading volume can keep up with the price increase and whether there is new buying intervention.
In a oscillating trend, the volume decreases and the price rises. The Williams indicator shows that it is overbought now. The volume has decreased recently, and the volume is less than in the previous hours. The price rises and the volume decreases: the upward momentum is weakening.

Volume and price are diverging, and the upward momentum is weakening. It is recommended to wait and see and be alert to the risk of price decline.

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