BOSS Wallet data source, Worldcoin today's market news, WLD latest price: $3.386, 24-hour increase of 2.23%, trading volume $919 million

By observing the candlestick chart, we are currently in a consolidation trend. Compared to 21:00, there has been a significant increase, and there has been a recovery from 17:00, breaking through the high of 14:00. When the price rises while the trading volume decreases, it often indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of trading volume support, it is difficult for the price to maintain its rise, and one should be cautious of the risk of a pullback from high levels. Investors should pay attention to whether trading volume can accompany price increases and whether new buying interest enters the market.
Overbought condition, decreasing trading volume, 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 hours, and prices rising while volume declines: upward momentum is weakening.
The market's upward momentum is weakening, and it is recommended to remain cautious and wait for a clear market direction.

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