BOSS Wallet data source, Uniswap today's market news, latest UNI price: $15.399, 24-hour rise 1.946%, trading volume $285 million

Analysis through candlestick chart indicates a consolidation trend. Compared to 23:00, there was a significant drop, breaking below the 00:00 low, and a decline compared to 20:00. When the price falls while trading volume increases, it often indicates that selling pressure is increasing, and sellers are actively selling.
This situation may stem from the market's pessimistic expectations for future prices or be influenced by negative news, triggering panic selling. Future prices may continue to decline due to significant selling pressure and negative market sentiment. Investors should watch for whether the price breaks below key support levels; if support is breached, it could trigger a larger decline.
In a consolidation trend, trading volume increases while prices decrease. According to the Williams indicator, it currently indicates no overbought or oversold conditions. Recently, trading volume has increased, rising compared to the previous few hours, with prices dropping and trading volume increasing: indicating increased selling pressure.

Price increases may be short-term fluctuations, still needing observation, focusing on key support levels, with increasing selling pressure, suggesting cautious operation.

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