BOSS Wallet data source, Binance Coin (BNB) real-time price quotes, the latest price of BNB today reached $644.4, with an increase of 1.03%, and a trading volume of $2.618 billion.

By analyzing the candlestick chart, it is currently a volatile trend. Compared to 21:00, there was a significant drop, a recovery compared to 17:00, and a decline compared to 15:00. 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 divergence phenomenon between volume and price 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 it difficult for prices to sustain their rise. Investors should be cautious of the risk of a pullback at high levels and pay attention to whether the trading volume can keep up with the price increase and if new buying interest emerges.
Decreased trading volume with rising prices. According to the Williams indicator, the current state is neither overbought nor oversold. Recently, trading volume has decreased, with volume lower than in previous hours, while prices are rising and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening; it is recommended to hold off and wait for a clear market direction before making decisions.

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

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