BOSS Wallet data source, Binance Coin (BNB) current price, the latest price of BNB has broken through to $696.54, an increase of 1.00%, trading volume $1.87 billion

According to the candlestick chart analysis, it is currently in a consolidation trend. Compared to 22:00, it has risen significantly, and has recovered compared to 15:00, breaking through the high point of 19:00. When the price rises while the trading volume decreases, it usually indicates that the bullish momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume is often due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of trading volume support, it is difficult for the price to sustain its rise, and one should be wary 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 are new buyers entering the market.
Market activity is low, and momentum is weakening. According to the Williams indicator, the current market is neither overbought nor oversold. Recent trading volume has decreased, trading volume has decreased compared to previous hours, prices are rising while trading volume is declining: bullish momentum is weakening.

Bullish momentum is weakening, it is advisable to be cautious and observe, focusing on trading volume and new buying interest.

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

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