BOSS Wallet data source, Curve's price today, CRV's latest price broke through $0.8591, an increase of 3.54%, and the transaction volume was $883 million

By studying the K-line chart, it is now in an upward trend. Compared with 07:00, it has risen sharply, and it has rebounded compared with 00:00, breaking through the high point of 04:00. When prices rise and trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually due to a lack of selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases are difficult to sustain, and we need to be alert to the risk of a fall from highs. Investors should pay attention to whether trading volume can match price increases and whether there are new buy orders entering the market.
Upward trend, overbought, recent trading volume has decreased, price is rising, trading volume is declining: upward momentum is weakening. According to the Williams indicator, it is currently in the overbought zone. Recent trading volume has decreased, trading volume has decreased compared to the previous few hours, price is rising, trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, or facing the risk of a pullback, investors are advised to operate cautiously and avoid chasing highs.

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