BOSS Wallet data source, Pepe today's market news, PEPE latest price: $0.00001879, 24-hour increase of 5.089%, trading volume $1.104 billion

From the candlestick chart, it can be seen that it is currently in a volatile trend. Compared to 12:00, it has slightly increased; compared to 11:00, it has slightly decreased; and it has declined compared to 05:00. The price is rising but the 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 volume and price may be due to a lack of selling pressure. In this case, future prices may see a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price to sustain its rise. Investors should be cautious of the risk of a pullback from high levels and monitor whether the trading volume can keep up with the price rise, as well as if there are new buyers entering the market.
In a volatile trend, trading volume decreases while the price rises. According to the Williams indicator, there is currently no overbought or oversold condition. Recently, trading volume has decreased, with trading volume lower than in previous hours, and the price is rising while the trading volume is declining: upward momentum is weakening.

With the weakening of upward momentum, it is advisable to remain cautious and pay attention to subsequent trading volume and new buying conditions.

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