BOSS Wallet data source, Curve today's market news, CRV latest price: $0.8568, up 24.84% in 24 hours, transaction volume $883 million
According to the analysis of the candlestick chart, it is now in an upward trend. It has risen significantly compared to 07:00, rebounded compared to 00:00, and broke through the high point of 04:00. Rising prices but falling trading volume usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether trading volume can keep up with price increases and whether there is new buying interest. The market trend is upward, with decreasing trading volume and rising prices. According to the Williams indicator, it is currently in the overbought zone. Recently, trading volume has decreased, down compared to the previous few hours, with rising prices and declining trading volume: upward momentum is weakening.
The market's upward momentum is weakening, and there is a risk of a pullback; it is advisable to reduce positions as appropriate.
The above content is for reference only and does not constitute investment advice.