BOSS Wallet data source, Uniswap real-time price report, UNI's latest price today reached $13.48, with a rise of 3.53%, trading volume of $365 million

From the candlestick chart, it can be seen that the current trend is oscillating. There is a slight increase compared to 23:00, a slight decrease compared to 22:00, a rebound compared to 15:00, and a decline compared to 19:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered 'upward movement without volume'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of volume support, price increases may be difficult to sustain, and caution should be taken regarding the risk of price retracement at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering the market. In an overbought state, with decreased trading volume and rising prices. According to the Williams indicator, it is currently in an overbought condition. Recently, trading volume has decreased, trading volume has decreased compared to previous hours, and prices have risen while trading volume has fallen: upward momentum is weakening.

Market upward momentum is weakening. It is advisable to remain cautious and wait for a clear direction, being alert to the risk of price retracement.

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