BOSS Wallet data source, latest price news of Binance Coin BNB, BNB price rises 1.01% to $710.47, trading volume $904 million

Based on candlestick chart analysis, the current trend is oscillating. Compared to 23:00, there has been a significant rise, recovering from 17:00, breaking the high point of 00:00. Price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of divergence between volume and price may be due to a lack of sell orders. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to be sustained. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases and whether there is new buying interest.
Market activity is low, and momentum is weakening. The Williams indicator shows that the current state is neither overbought nor oversold. Recent trading volume has decreased, with trading volume lower than the previous few hours, price rising, and trading volume declining: upward momentum is weakening.

The market's upward momentum is weakening, and it is advisable to remain cautious, paying attention to trading volume and new buying interest, and waiting for a recovery in market sentiment.

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

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