BOSS Wallet data source, Polkadot-new latest price news, DOT Polkadot real-time price rose 3.50% to $7.595, transaction volume $311 million

By analyzing the K-line chart, it is now in a volatile trend. It is slightly higher than 08:00, slightly lower than 09:00, higher than 07:00, and lower than 02:00. The price is rising but the trading volume is falling, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether trading volume can keep up with price increases and whether there is new buying interest. Market sentiment is low, and trading volume is decreasing. The Williams indicator indicates that it is currently overbought. Recently, trading volume has decreased, with volume down compared to the previous few hours, while prices are rising and volume is declining: upward momentum is weakening.

Upward momentum is weakening; it is recommended to operate cautiously, pay attention to the volume-price relationship and new buying interest, and be wary of the risk of a pullback from high levels.

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