BOSS Wallet data source, Toncoin real-time price trend, the latest price of TON today reached $6.508, with an increase of 2.38%, trading volume $318 million

From the analysis of the candlestick chart, it is currently in a volatile trend. Compared to a sharp decline at 11:00, there has been a slight recovery since 07:00. When prices rise while trading volume decreases, it usually indicates weakening upward momentum in the market and a reduction in the number of buyers.
This divergence between price and volume is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of volume support, it is difficult for prices to sustain their rise, and one should be cautious of a potential drop from high levels. Investors should pay attention to whether trading volume can support price increases and whether new buyers are entering the market.
Market sentiment is low, and trading volume has decreased. According to the Williams indicator, there is currently no overbought or oversold situation. Recently, trading volume has decreased, with volume lower than in previous hours, while prices are rising and volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is advisable to operate cautiously, pay attention to changes in trading volume, and avoid entering the market blindly.

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