BOSS Wallet data source, ConstitutionDAO today's market news, PEOPLE latest price: $0.0389, 24-hour drop -9.006%, trading volume $96.9869 million

After analyzing the candlestick chart, it is found that it is currently in a downward trend. Compared to 21:00, there has been a significant increase, a recovery compared to 17:00, and a decline compared to 15:00. Price is rising but trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the price increase lacks support from trading volume. Investors should be wary of the risk of a pullback from high levels and pay attention to whether trading volume can keep up with the price increase and if there are new buyers entering the market.
In a downward trend, trading volume decreases while price increases. According to the Williams indicator, the current market is neither overbought nor oversold. Recently, trading volume has decreased, with volume lower than in previous hours, price rising, and volume declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to watch and be cautious of pullback risks, and pay attention to changes in trading volume and the situation of new buyers entering.

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