BOSS Wallet data source, Binance Coin (BNB) real-time price trend, the latest price of BNB today reached $703.69, with an increase of 1.03%, and a trading volume of $1.622 billion.

After studying the candlestick chart, it is now in a fluctuating trend. Compared to 08:00, there is a slight increase, compared to 09:00, there is a slight decrease, and compared to 06:00, there is a rebound. The price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered a 'volume-less rise'. In this case, the future price may experience a correction or sideways consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and caution is needed for the risk of price pullback at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether new buying interest is entering. Trading volume is decreasing while the price is rising. According to the Williams indicator, it is currently considered overbought. Recently, trading volume has decreased, with trading volume lower than in previous hours, while the price is rising and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to wait and see, be cautious of the risk of price pullback, and pay attention to changes in trading volume.

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

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