BOSS Wallet data source, latest price news for Dogecoin DOGE, real-time price of DOGE rises 3.01% to $0.42566, trading volume $5.373 billion

Based on the observation of the candlestick chart, it is currently in an upward trend. Compared to 15:00, there was a significant drop, a recovery compared to 08:00, and a decline compared to 10:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be due to insufficient selling pressure. In this case, the future price may correct or consolidate sideways. Due to the lack of trading volume support, the price increase may be difficult to sustain, and investors should be cautious of the risk of price retracement at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether new buying interest is involved. A decrease in trading volume indicates weakening upward momentum. According to the Williams indicator, it currently shows neither overbought nor oversold conditions. Recently, trading volume has decreased, with volume down compared to the previous hours, while the price rises and volume decreases: upward momentum is weakening.

The market's upward momentum is weakening, it is advisable to operate cautiously and pay attention to changes in trading volume and the involvement of new buying interest.

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

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