BOSS Wallet data source, Polkadot (DOT) real-time price trend, the latest price of DOT today reached $8.971, with a price increase of 2.06%, trading volume of $791 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 20:00, there has been a significant increase, a recovery compared to 17:00, and a decline compared to 14:00. The price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of volume-price divergence may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation because the lack of trading volume support makes it difficult for prices to sustain their rise. Investors need to be cautious about the risk of a high-level pullback and pay attention to whether trading volume can keep up with the price increase and whether new buying interest emerges.
Trading volume is decreasing while the price is rising. The Williams indicator shows that there is currently no overbought or oversold condition. Recently, trading volume has decreased, with trading volume lower than in the previous hours, while the price is rising and trading volume is declining: upward momentum is weakening.
Upward momentum is weakening, it is recommended to wait and see, and only act after the market direction becomes clear.

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