BOSS Wallet data source, ConstitutionDAO real-time price market, PEOPLE today's latest price reaches $0.06513, with an increase of up to 3.51%, trading volume $237 million

According to the candlestick chart analysis, it is currently in a downtrend. Compared to 11:00, it has risen significantly, recovering from 08:00, breaking through the high point of 07:00. The price is rising but trading volume is declining, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This divergence phenomenon between price and volume may be due to a lack of sell orders. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of a high-level retreat and pay attention to whether the trading volume can keep up with the price increase and whether there are new buy orders entering.
In a downtrend, trading volume decreases while prices rise. The Williams indicator shows that the current market state is neither overbought nor oversold. Recently, trading volume has decreased, with trading volume lower than in previous hours, and prices rising while trading volume declines: upward momentum is weakening.

Upward momentum is weakening, it is recommended to maintain a wait-and-see approach, paying attention to changes in trading volume and the situation of new buy orders entering.

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