BOSS Wallet data source, Dogecoin DOGE latest price news, DOGE Dogecoin real-time price rose 3.52% to $0.3644, transaction volume $15.804 billion
From the analysis of the K-line chart, it is now a downward trend. It is slightly higher than 19:00, slightly lower than 20:00, and lower than 17:00. When prices fall and trading volume rises, it usually means that the selling pressure in the market increases and sellers are actively selling.
This situation may be because the market's expectations for future prices have become pessimistic, or it may be affected by some negative news, leading to panic selling. Prices may continue to fall in the future because of heavy selling pressure and pessimistic market sentiment.
Investors should be alert to whether the price will fall below the key support level. If the support level is broken, it may trigger a larger decline. However, the price is falling, indicating that the selling pressure is increasing. The Williams indicator shows that it is now oversold. The trading volume has increased recently, and the trading volume has increased compared with the previous few hours. The price is falling and the trading volume is rising: the selling pressure is increasing.

The market rebounded after being oversold, but selling pressure still exists. It is recommended to wait and see and pay attention to key support levels.
The above content is for reference only and does not constitute investment advice.

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