BOSS Wallet data source, Toncoin today's price trend, TON latest price has broken through to $5.827, an increase of 2.03%, trading volume $190 million

Through candlestick chart analysis, it is currently in a fluctuating trend. Compared to 10:00, there has been a significant increase, a recovery compared to 06:00, and it has broken through the 11:00 high. The price is rising but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be due to 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 sustain their rise. Investors should be wary of the risk of a pullback at high levels and pay attention to whether trading volume can keep up with price increases, as well as whether new buying pressure emerges.
Overbought condition, decreased trading volume, rising prices. The Williams indicator shows that the current market state is overbought. Recently, trading volume has decreased, and the trading volume is lower than in previous hours, with rising prices and decreasing volume: upward momentum is weakening.

The market is overbought, upward momentum is weakening, it is advised to wait and see, and to take action only after the direction is clear.

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