BOSS Wallet data source, Pepe real-time price quotes, PEPE's latest price today is $0.00002108, an increase of 3.54%, and a transaction volume of $1.491 billion
Judging from the results of the K-line chart, it is now a volatile trend. Compared with the sharp drop at 11:00, it has rebounded compared with 07:00. When the price rises but the trading volume decreases, it usually means that the upward momentum of the market 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 volatile trend, trading volume decreases while prices rise. The Williams indicator shows that it is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume down compared to the last few hours, prices rising, and volume declining: upward momentum is weakening.
Upward momentum is weakening, it is advised to wait and see, be cautious of the risk of price retreat, and pay attention to changes in trading volume.
The above content is for reference only and does not constitute investment advice.