BOSS Wallet data source, Uniswap today's market news, latest UNI price: $14.521, 24-hour increase of 6.843%, trading volume $542 million

From the analysis of the candlestick chart, it can be seen that the current trend is volatile. Compared to 11:00, there is a significant increase, showing a recovery from 10:00, and breaking through the high point of 05:00. When prices rise but trading volume decreases, it usually indicates that the market's upward momentum is weakening, and the number of buyers is decreasing.
This divergence phenomenon between volume and price is usually caused by a lack of sell orders. In this context, 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 price pullback at high levels and pay attention to whether trading volume can keep up with price increases, as well as whether new buying orders come in.
In a volatile trend, trading volume decreases while prices rise. The Williams indicator shows that the current market is overbought. Recently, trading volume has decreased, with volume lower than in the previous few hours while prices rise and trading volume declines: upward momentum is weakening.

Upward momentum is weakening, it is recommended to observe, be cautious of the risk of pullback at high levels, and pay attention to changes in trading volume and new buying orders.

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