BOSS Wallet data source, Polkadot (DOT) today's market news, latest price of DOT: $10.086, 24-hour increase 9.5%, trading volume $1.78 billion

Based on the analysis of the candlestick chart, the current trend is volatile. Compared to 22:00, there was a significant drop, a rebound compared to 17:00, and a decline compared to 21:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening of the market's upward momentum and a decrease in the number of buyers.
This divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may experience a correction or sideways consolidation. Due to the lack of trading volume support, price increases may be hard to sustain, and investors should be cautious of the risk of price retracting at high levels.
It is advisable to pay attention to whether the trading volume can keep up with the price increase, and whether there are new buying entries. In a volatile trend, trading volume decreases while prices rise. According to the Williams indicator, it is currently in the overbought zone. Recently, trading volume has decreased, with volume down compared to the previous few hours, while prices are rising and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, be cautious of the risk of retracement, and it is recommended to remain on the sidelines and pay attention to changes in trading volume.

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