BOSS Wallet data source, Polkadot (DOT) real-time price trend, the latest price of DOT today reached $8.79, with a rise of 2.02% and a trading volume of $782 million.

Analysis through candlestick charts indicates a fluctuating trend. Compared to 20:00, there has been a significant increase, a recovery compared to 17:00, and a decrease compared to 14:00. The price is rising but trading volume is declining, which usually indicates a weakening of market upward momentum and a decrease in the number of buyers.
This phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it may be difficult for prices to sustain their rise, and investors should be cautious of the risk of price pullback at high levels.
It is recommended to pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. Trading volume has decreased while price has risen. According to the Williams indicator, the current situation is neither overbought nor oversold. Recently, trading volume has decreased, with a reduction compared to the previous hours, while price has risen and trading volume has declined: upward momentum is weakening.

Upward momentum is weakening, it is advisable to wait and see, focusing on changes in trading volume and being cautious of the risk of price pullback.

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