BOSS Wallet data source, Pepe today's price trend, the latest PEPE price has broken through to $0.0000213, with an increase of 3.05%, trading volume $1.361 billion
From the K-line chart, it can be seen that it is currently in a volatile trend. Compared to 17:00, there has been a significant rise, a recovery compared to 16:00, and a decline compared to 14:00. Prices are rising, but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may retrace or consolidate. Due to the lack of volume support, it may be difficult for the price increase to sustain, and investors should be cautious of the risk of price retracement at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering the market. Trading volume is decreasing while the price is rising. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume down compared to previous hours while the price is rising and volume is declining: upward momentum is weakening.
The market's upward momentum is weakening, and it is recommended to remain cautious and pay attention to changes in trading volume and new buyer involvement.
The above content is for reference only and does not constitute investment advice.