BOSS Wallet data source, ConstitutionDAO today's market news, PEOPLE latest price: $0.04789, up 12.128% in 24 hours, trading volume $75.497 million

From the study of the candlestick chart, it appears to be an upward trend now. Slight increase compared to 13:00, slight decrease compared to 14:00, and a rebound compared to 06:00. Price is rising but trading volume is decreasing, which usually indicates weakening upward momentum in the market and a reduction in the number of buyers.
This divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may experience a pullback or sideways consolidation. Without support from trading volume, price increases may be hard to sustain, and investors should be wary of the risk of price retreating from high levels.
It is recommended to pay attention to whether trading volume can keep up with the price increase and whether new buying pressure is entering. Recently, trading volume has decreased, and the momentum of price increase is weakening. The Williams indicator shows that the current state is overbought. Recently, trading volume has decreased, with volume lower than in previous hours, price rising, and volume decreasing: upward momentum is weakening.

Market upward momentum is weakening; it is advisable to reduce positions or adopt a wait-and-see approach, focusing on changes in trading volume and being cautious of pullback risks.

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