BOSS Wallet data source, Binance Coin BNB today's market news, the latest price of BNB: $644.49, 24-hour drop -1.01%, trading volume $2.422 billion

According to the analysis of the K-line chart, it is currently in a downward trend. Compared to 11:00, it has risen significantly, recovering from 08:00, and breaking through the 12:00 high point. Price is rising but trading volume is decreasing, which generally indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for the price to sustain its rise. Investors should be wary of the risk of a pullback from high levels and pay attention to whether the trading volume can keep up with the price increase, as well as whether new buying interest emerges.
Market enthusiasm is declining, and trading volume is decreasing. Based on the Williams indicator, it is now in a state of neither overbought nor oversold. Recently, trading volume has decreased, trading volume has dropped compared to the previous few hours, with prices rising and trading volume falling: upward momentum is weakening.

Upward momentum is weakening, it is advisable to operate cautiously, pay attention to subsequent changes in trading volume, and be wary of the risk of a pullback.

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

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