BOSS Wallet data source, Worldcoin today's market news, latest WLD price: $3.332, 24-hour increase of 0.6%, trading volume $873 million

From the analysis of the K-line chart, it is observed that the market is currently in a consolidation trend. Compared to 21:00, there has been a significant increase, rebounding from 17:00, and breaking through the high point of 14:00. The price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
The rise in price may be due to a lack of selling pressure, considered as 'upward movement without volume'. In this case, future prices may experience a correction or sideways consolidation. Due to the lack of support from trading volume, the price increase may be difficult to sustain, and caution should be exercised regarding the risk of price pullback at high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. Trading volume is decreasing as prices rise. The Williams indicator shows that the current market condition is overbought. Recently, trading volume has decreased compared to the previous hours, with price rising and volume declining: upward momentum is weakening.

The market is overbought, upward momentum is weakening, it is recommended to maintain a wait-and-see approach and pay attention to changes in trading volume.

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