BOSS Wallet data source, Pepe today's market news, PEPE latest price: $0.00002138, 24-hour increase of 21.408%, trading volume $4.078 billion

Through the analysis of the K-line chart, the current trend is oscillating. Compared to 13:00, there was a significant decline, a recovery compared to 11:00, and a decrease compared to 06:00. 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.
The price increase may be due to a lack of selling pressure, which is considered a 'rise without volume'. 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 caution should be exercised regarding the risk of price retracement at high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. Decreasing trading volume and rising prices. The Williams indicator shows that the current market condition is overbought. Recently, trading volume has decreased, and trading volume has dropped compared to previous hours while prices have risen, indicating weakening upward momentum.

The market is overbought, upward momentum is weakening, it is recommended to watch and pay attention to changes in trading volume.

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