BOSS Wallet data source, Uniswap today's price trend, UNI latest price has broken through to $13.784, an increase of 3.03%, trading volume $238 million

By analyzing the candlestick chart, it is currently a volatile trend. Compared to 19:00, there has been a significant increase, a recovery compared to 18:00, and a decline compared to 14:00. When the price rises while the trading volume decreases, it usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This phenomenon of divergence between price and volume is often due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of volume support, it is difficult for price increases to be sustained, and there is a risk of a high-level pullback. Investors should pay attention to whether the trading volume can support the price increase and whether new buying interest is entering the market.
In a volatile trend, trading volume decreases while the price rises. According to the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, with trading volume lower than in the previous few hours, while the price rises and trading volume declines: upward momentum is weakening.

Market upward momentum is weakening, it is advisable to remain cautious, watch for risks of high-level pullbacks, and pay attention to changes in trading volume.

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