BOSS Wallet data source, Pepe today's market news, PEPE latest price: $0.000022583, up 3.23% in 24 hours, transaction volume $10.767 billion
According to the analysis of the K-line chart, the current trend is oscillating. It has risen significantly compared to 08:00, rebounded compared to 05:00, and broke through the high point of 09:00. The price rises but the trading volume decreases, which 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. The trading volume decreases and the price rises. The Williams indicator shows that the current stage is not overbought or oversold. The trading volume has decreased recently, and the trading volume is less than 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 and make decisions after the market direction is clear.
The above content is for reference only and does not constitute investment advice.