BOSS Wallet data source, NEAR Protocol today's price trend, NEAR latest price breaks to $5.573, an increase of 3.03%, trading volume $792 million
According to the analysis of the candlestick chart, it is currently in a consolidation trend. Slightly up compared to 10:00, slightly down compared to 11:00, rebounding compared to 07:00, and declining compared to 08:00. When the price rises but the trading volume decreases, it usually 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 often caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation due to the lack of support from trading volume, making it difficult for prices to continue rising. Investors should be cautious of the risk of price pullbacks at high levels and pay attention to whether trading volume can keep up with the price increase and whether new buying interest emerges.
Trading volume decreases, price rises. The Williams indicator indicates that there is currently no overbought or oversold condition. Recently, trading volume has decreased, with volume lower than in previous hours, while price rises and volume falls: upward momentum is weakening.
Market upward momentum is weakening; it is advisable to wait and see for a clear direction and be cautious of the risk of pullbacks at high levels.
The above content is for reference only and does not constitute investment advice.