BOSS Wallet data source, Uniswap real-time price trend, the latest price of UNI today reached $12.847, with an increase of 3.03%, and a trading volume of $384 million.
According to the analysis of the candlestick chart, it is currently in a consolidation trend, significantly down from 11:00, but has rebounded compared to 07:00. When the price rises while the trading volume decreases, it usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is often due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of volume support, it is difficult for the price to maintain its rise, and there is a risk of a pullback from high levels. Investors should pay attention to whether the trading volume can support the price increase and whether new buying interest enters the market.
In a consolidation trend, trading volume decreases while the price rises. Based on the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume down compared to the previous few hours, while the price rises and volume decreases: upward momentum is weakening.
Upward momentum is weakening; it is recommended to wait and observe, focusing on changes in trading volume and being alert to price pullbacks.
The above content is for reference only and does not constitute investment advice.