BOSS Wallet data source, NEAR Protocol latest price news, NEAR real-time price increased by 3.52% to $5.236, trading volume $225 million

After analyzing the candlestick chart, the current trend is oscillating. Compared to 17:00, there is a significant increase; it has rebounded compared to 09:00 and has decreased compared to 12:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered a 'volume-less increase'. In this case, future prices may experience a correction or consolidation. Due to the lack of trading volume support, price increases may be difficult to sustain, and there is a risk of price retracement at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether new buying interest is entering the market. Trading volume decreases while prices rise. The Williams indicator shows that the current market condition is overbought. Recently, trading volume has decreased, trading volume has reduced compared to the previous hours, prices have risen, and trading volume has fallen: upward momentum is weakening.

Upward momentum is weakening, the market is overbought, and it is recommended to remain cautious and be aware of the risk of price retracement.

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