BOSS Wallet data source, Uniswap today's price quotes, UNI latest price breaks through $7.444, up 3.53%, trading volume $154 million
From the analysis of the K-line chart, it can be seen that the current trend is oscillating. Compared with 22:00, it fell sharply, and it rebounded compared with 18:00. 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 a price decline at a high level, and pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention.
The trading volume is decreasing, the price is rising. The Williams indicator shows that now is the time when there is no overbought or oversold. The trading volume has decreased recently, and the trading volume is less than in the previous hours. The price is rising, and the trading volume is falling: the upward momentum is weakening.
The upward momentum has weakened, it is recommended to remain on the sidelines and pay attention to trading volume and new buying.
The above content is for reference only and does not constitute investment advice.