BOSS Wallet data source, real-time price of Polkadot (DOT), the latest price of DOT today reached $8.92, with an increase of 3.50%, trading volume of $782 million.

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 20:00, there is a significant increase; compared to 17:00, there is a recovery; and compared to 14:00, there is a decline. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is reducing.
This phenomenon of divergence between price and volume may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes sustained price increases difficult. Investors should be cautious of the risk of a high-level pullback and monitor whether trading volume can keep up with the price increase and if new buying pressure emerges.
In a consolidation trend, trading volume decreases while the price rises. The Williams indicator shows that it is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume reduced compared to the previous few hours; prices are rising while trading volume is falling: upward momentum is weakening.

Upward momentum is weakening, and trading volume is shrinking. It is advised that investors remain cautious and observe the situation.

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