BOSS Wallet data source, Binance Coin (BNB) real-time price report, the latest price of BNB today reaches $651.43, with an increase of up to 1.09%, trading volume $2.647 billion

According to the candlestick chart, it is currently in a volatile trend. Compared to 22:00, it has risen significantly, recovering from 17:00, and breaking through the high point of 15:00. The price is rising but trading volume is decreasing, which usually indicates that the momentum for the market's upward movement is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to 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 continue rising. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases, as well as whether new buying pressure emerges.
In a volatile trend, trading volume decreases while prices rise. According to the Williams indicator, the current market condition is overbought. Recently, trading volume has decreased, with volume decreasing compared to previous hours, and prices rising while volume declines: upward momentum is weakening.

Upward momentum is weakening, it is recommended to remain cautious and pay attention to changes in trading volume and new buying conditions, and be alert to the risk of a high-level pullback.

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

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