BOSS Wallet data source, Polkadot (DOT) current price today is $9.93, an increase of 3.51%, trading volume $1.511 billion

After studying the candlestick chart, it is currently in a volatile trend. Compared to 18:00, there is a significant increase, and it has recovered compared to 11:00, breaking through the high point of 19:00. 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 volume and price may be due to insufficient sell orders. In this case, the future price may pull back or consolidate sideways. Due to the lack of trading volume support, price increases might be difficult to sustain, and investors should be cautious of the risk of a price pullback at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. The market is in an overbought state, with decreasing trading volume and rising prices. The Williams indicator suggests that we are currently in an overbought state. Recently, trading volume has decreased, with volume lower than in the previous few hours, while prices have risen and volume has fallen: upward momentum is weakening.

With the market's upward momentum weakening, it is advisable to remain cautious and wait for changes in trading volume and new buying interest to clarify the direction.

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