BOSS Wallet data source, ConstitutionDAO current price trend, PEOPLE latest price has broken through to $0.06329, with an increase of 3.01%, trading volume $235 million

From the analysis of the K-line chart, it is currently in a downtrend. Compared to 09:00, there has been a significant increase, a recovery compared to 08:00, and a decline compared to 02:00. When prices fall while trading volume rises, it usually indicates increased selling pressure in the market, with sellers actively selling.
This situation may be due to the market's pessimistic expectations for future prices, or influenced by certain negative news, leading to panic selling. Future prices may continue to decline as selling pressure is high and market sentiment is pessimistic.
Investors should be cautious about whether prices will break through key support levels. If the support level is breached, it may trigger a larger decline. The market is active, but selling pressure is increasing. According to the Williams indicator, it is currently in an oversold condition. Recent trading volume has increased, with trading volume rising compared to the previous few hours, prices falling, and trading volume increasing: selling pressure is increasing.

The market is unusually rising, it is recommended to continue cautious operations, pay attention to key support levels, and consider taking profits appropriately.

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