BOSS Wallet data source, Solana (SOL) today's market news, latest price of SOL: $199.11, 24-hour increase of 4.718%, trading volume $3.379 billion

From the analysis of the K-line chart, the current trend is fluctuating. It has slightly decreased compared to 23:00, has rebounded compared to 20:00, and has decreased compared to 15:00. Price rises but trading volume decreases usually indicate that the upward momentum of the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be caused by a lack of sell orders. In this case, the future price may experience a pullback or sideways consolidation, as the lack of volume support makes it difficult for the price to continue rising. Investors should be cautious of the risk of a pullback from high levels and pay attention to whether the trading volume can keep up with the price increase and whether new buying interest appears.
Overbought condition, decreasing trading volume, rising price. The Williams indicator indicates that it is currently in an overbought state. Recent trading volume has decreased, with volume down from previous hours while the price rises and volume declines: upward momentum is weakening.

Upward momentum is weakening, be cautious of the risk of a pullback from high levels, it is recommended to stay on the sidelines and wait for the market direction to become clear.

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