BOSS Wallet data source, Worldcoin real-time price trend, WLD latest price today reached $2.137, with an increase of up to 3.04%, trading volume $271 million

Analysis from the K-line chart indicates that we are currently in a consolidation trend. Compared to 17:00, there has been a significant increase, and it has recovered from 13:00, breaking through the high of 18:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
The increase in price may be due to a lack of selling pressure, which is considered a 'no-volume rise.' In this case, the price may face a pullback or sideways consolidation in the future. 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 a price drop at high levels.
Investors should pay attention to whether the trading volume can keep up with the price rise and whether there is new buying interest. Trading volume has decreased while the price has risen. According to the Williams indicator, we are currently in a state of neither overbought nor oversold. Recently, trading volume has decreased, with trading volume lower than a few hours ago, while the price is rising and trading volume is declining: upward momentum is weakening.

With the weakening of upward momentum, it is recommended to watch and wait for the market direction to become clear, paying attention to trading volume and new buying interest.

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