BOSS Wallet data source, real-time price of Binance Coin (BNB), the latest price of BNB today reaches $715.56, with an increase of 3.52%, and trading volume of $1.68 billion.

According to the analysis of the K-line chart, it is currently in an upward trend. Compared to 12:00, there was a significant decline, but it has rebounded compared to 06:00. When the price rises but trading volume decreases, it usually indicates that the market's upward momentum is weakening, and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling pressure. In this context, there may be a price pullback or sideways consolidation in the future, as the lack of support from trading volume makes it difficult for the price to continue rising. Investors should be cautious of the risk of price retreat at high levels and pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest.
Trading volume has decreased compared to previous days, with the price rising and trading volume falling: upward momentum is weakening. The Williams indicator indicates that it is currently overbought. Recently, trading volume has decreased, with trading volume lower than in the previous hours, while the price is rising and trading volume is falling: upward momentum is weakening.

Analysis: Upward momentum is weakening, and there is a risk of pullback.

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

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