BOSS Wallet data source, latest price news from Curve, CRV real-time price increased by 3.52% to $1.0065, trading volume $553 million
From the analysis of the candlestick chart, there is currently an upward trend. Compared to 14:00, there has been a significant increase, a rebound compared to 06:00, and a decrease compared to 11:00. When the price rises while 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 usually due to a lack of selling pressure. In this case, the future price may correct or consolidate. Due to the lack of trading volume support, it is difficult for the price increase to be sustained, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether the trading volume can accompany the price increase and whether there is new buying interest entering the market.
The trading volume has decreased, and the upward momentum is weakening. The Williams indicator shows that the current state is neither overbought nor oversold. Recently, trading volume has decreased, with volume reducing compared to the previous hours, while the price has risen and volume has fallen: upward momentum is weakening.
Upward momentum is weakening, it is advisable to operate cautiously, pay attention to the coordination of volume and price, as well as new buying interest, to avoid entering the market blindly.
The above content is for reference only and does not constitute investment advice.