BOSS Wallet data source, TRX latest price news, TRX TRON real-time price rose 2.02% to $0.18192, transaction volume $981 million
According to the analysis of the K-line chart, it is now in an upward trend. It has risen significantly compared to 07:00, rebounded compared to 00:00, and broke through the high point of 08:00. The price rises but the trading volume decreases, which usually means that the momentum of the market rise is weakened and the number of buyers is reduced.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may experience a pullback or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be alert to the risk of a pullback from highs and pay attention to whether trading volume can keep up with price increases and whether new buying appears.
The market trend is upward, the volume is decreasing, and the price is rising. According to the Williams indicator, it is currently overbought. The volume has decreased recently, and the volume is less than in the previous hours. The price is rising, and the volume is decreasing: the upward momentum is weakening.
The upward momentum has weakened. It is recommended to reduce positions in a timely manner and pay attention to new buying and changes in trading volume.
The above content is for reference only and does not constitute investment advice.