BOSS Wallet data source, real-time price of Polkadot (DOT) cryptocurrency, the latest price of DOT today has reached $8.966, with an increase of up to 2.05%, trading volume $1.177 billion

From the analysis of the K-line chart, the current trend is volatile. Compared to 11:00, there has been a significant increase, and there has been a recovery compared to 08:00, breaking through the high point of 12:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of divergence between price and volume may be due to a lack of selling pressure. In this case, future prices may undergo a correction or sideways consolidation, as the lack of support from trading volume makes it difficult for prices to sustain their upward momentum. Investors should be wary of the risk of a high-point pullback and pay attention to whether the trading volume can keep up with the price increase, as well as whether there is new buying interest.
The market heat is low, and trading volume has decreased. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume down compared to the previous few hours, while prices have risen and trading volume has fallen: upward momentum is weakening.

Upward momentum is weakening, and cautious operations are recommended. 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.