BOSS Wallet data source, Polkadot (DOT) real-time price market, the latest price of DOT today reached $7.111, with an increase of 3.54%, trading volume $235 million

By analyzing the candlestick chart, it is currently in a consolidation trend. Compared to 14:00, there has been a significant drop, though there is a recovery compared to 07:00. The price is rising but trading volume is decreasing, which typically indicates a weakening upward momentum in the market and a reduction in the number of buyers. The price increase may be due to a lack of selling pressure, considered a "no-volume rise."
In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and one should be cautious of the risk of price retreating from high levels. Investors should pay attention to whether trading volume can keep up with the price increase and whether there are new buyers entering the market.
Overbought condition, decreasing trading volume, rising price. According to the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, with trading volume lower than in previous hours, while the price has risen, leading to a decrease in trading volume: upward momentum is weakening.

Market upward momentum is weakening; it is advised to remain cautious and wait for a clearer direction, being aware of the risk of price retreat.

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