BOSS Wallet data source, Polkadot (DOT) latest market news, current price of DOT: $6.642, 24-hour drop -2.252%, trading volume $330 million

According to the analysis of the candlestick chart, the current trend is volatile. It has risen significantly compared to 23:00, rebounded compared to 20:00, and decreased compared to 16:00. Price is increasing but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This divergence phenomenon 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 lack of trading volume support makes it difficult for the price to sustain its increase. Investors should be wary of the risk of a high-position retreat and monitor whether the trading volume can keep up with the price increase, as well as whether new buying interest comes in.
Market activity is low, and momentum is weakening. The Williams indicator shows that the current market is neither overbought nor oversold. Recently, trading volume has decreased, with trading volume down from previous hours, price increasing while trading volume decreases: upward momentum is weakening.

Market upward momentum is weakening; it is advisable to remain cautious, pay attention to changes in trading volume, and wait for market sentiment to recover.

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