BOSS Wallet data source, Polkadot (DOT) today's market news, the latest price of DOT: $6.781, 24-hour drop -0.44%, trading volume $422 million

According to the analysis results of the candlestick chart, it is currently in a consolidation trend. Slightly up compared to 13:00, slightly down compared to 12:00, and has rebounded compared to 07:00. The price is falling but trading volume is rising, which typically indicates increased selling pressure, with sellers actively selling.
This may be due to the market's pessimistic attitude towards future prices, or a panic sell-off triggered by negative news. In this situation, future prices may continue to fall, as selling pressure is high and market sentiment is low.
Investors need to pay attention to whether the price will break through key support levels. If the support level is lost, it may lead to a larger decline. In a consolidation trend, trading volume increases while prices decrease. The Williams indicator shows that there is currently no overbought or oversold condition.
Recently, trading volume has increased, with volume rising compared to the previous hours, while prices are falling: selling pressure is increasing.
A 2.0% increase contradicts the analysis, requiring a reassessment of the market and cautious operation; it is recommended to continue observing.

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