BOSS Wallet data source, Dogecoin today's price trend, DOGE Dogecoin latest price broke through $0.16973, an increase of 3.11%, trading volume $3.452 billion
According to the K-line chart, the current trend is oscillating. It is slightly higher than 10:00, slightly lower than 11:00, higher than 09:00, and lower than 03:00. Rising prices but falling trading volume usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. In a shock trend, the trading volume decreases and the price rises. The Williams indicator shows that this is a period without overbought and oversold. The trading volume has decreased recently, and the trading volume is less than in the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The upward momentum has weakened, so it is recommended to wait and see, paying attention to changes in trading volume and new buying.
The above content is for reference only and does not constitute investment advice.

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