BOSS Wallet data source, Dogecoin (DOGE) market news today, latest price of DOGE: $0.33202, 24-hour increase of 6.646%, trading volume $3.379 billion

Based on candlestick chart analysis, it is currently in a downtrend. Slightly up compared to 10:00, slightly down compared to 11:00, and has decreased compared to 05:00. Price is rising but trading volume is decreasing, which usually indicates a weakening of market upward momentum and a decrease in the number of buyers.
This phenomenon of divergence between volume and price may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to continue rising. Investors should be wary of the risk of a high-level pullback, monitor whether trading volume can keep up with price increases, and whether new buying interest emerges.
Market enthusiasm is declining, and trading volume is decreasing. The Williams indicator shows that there is neither overbought nor oversold conditions right now. Recently, trading volume has decreased, with trading volume down compared to previous hours, price rising, and trading volume decreasing: upward momentum is weakening.

Upward momentum is weakening, either pulling back or consolidating sideways, suggesting cautious operations, and paying attention to changes in trading volume and new buying interest.

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

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