BOSS Wallet data source, latest Toncoin price news, TON real-time price increased by 2.01% to $6.903, trading volume $347 million

From the analysis of the K-line chart, the current trend is fluctuating. Compared to 12:00, it has significantly increased, and has rebounded from 05:00, breaking through the high point of 11:00. The price is rising, but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, considered a 'volumeless rise'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price rise may be difficult to sustain, and caution is needed regarding the risk of price retracement at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase, and whether new buying interest has entered. In a fluctuating trend, trading volume decreases while the price rises. According to the Williams indicator, there is currently no overbought or oversold condition.
Recently, trading volume has decreased, with a reduction compared to the previous few hours, while the price rises and trading volume falls: upward momentum is weakening.
Upward momentum is weakening, it is advisable to remain cautious, pay attention to changes in trading volume, and be alert to the risk of price retracement.

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