BOSS Wallet data source, Dogecoin DOGE today's price trend, the latest price of DOGE Dogecoin has broken through to $0.39318, an increase of 3.51%, trading volume $4.337 billion

Based on the candlestick chart analysis, it is currently in a downward trend. Compared to 19:00, there has been a significant rise, a recovery compared to 15:00, but a decline compared to 13:00. Prices are rising but trading volume is decreasing, which usually indicates a weakening momentum in the market, with fewer buyers.
This divergence phenomenon between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a pullback or consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of a high-level retracement and pay attention to whether trading volume can keep up with price increases and if new buying interest emerges.
In a downward trend, trading volume decreases while prices rise. According to the Williams indicator, there is currently no overbought or oversold condition. Recently, trading volume has decreased, with trading volume lower than in previous hours, prices rising, and trading volume declining: upward momentum is weakening.

Divergence in volume and price in an upward trend indicates weakening upward momentum, suggesting a wait-and-see approach while monitoring subsequent changes in trading volume.

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

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