【#NOT Price Trend Analysis】

K line shape:

The recent price fluctuations have been large, with multiple upper and lower shadow lines appearing, indicating that there is strong competition between buying and selling forces in the market.

The recent K-lines have shown an obvious upward trend, but there is some selling pressure at the high level.

Technical indicators:

MACD: DIF and DEA are both above the zero axis, and DIF turns slightly downward. The MACD histogram turns from positive to negative, which may indicate the risk of a correction in the short term.

RSI: The RSI14 value is 66.38, which is close to the overbought range. We need to be alert to the risk of a correction.

EMA: The current price is above EMA7 (0.022134), EMA30 (0.017501) and EMA120 are also arranged in a long position, and the overall trend is still bullish.

Volume:

The trading volume increased significantly on June 3, reaching 994482982, indicating an increase in capital activity.

The trading volume on June 4th decreased to 57056064, indicating that market sentiment has cooled down.