BOSS Wallet data source, NEAR Protocol real-time price trend, NEAR today's latest price reaches $5.258, with an increase of 3.52%, trading volume $239 million

Analysis of the candlestick chart indicates that it is currently in a consolidation trend, having significantly risen compared to 12:00, and has recovered from 07:00, breaking through the 09:00 high. Prices are rising but trading volume is declining, which usually indicates weakening upward momentum in the market and a decrease in the number of buyers.
This volume-price divergence phenomenon may be due to a lack of selling pressure. In this case, 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 vigilant about the risk of a high-level pullback and monitor whether trading volume can keep up with price increases and if new buying pressure appears.
In a consolidation trend, trading volume decreases while prices rise. The Williams indicator indicates that it is currently in an overbought condition. Recently, trading volume has decreased, with a reduction compared to previous hours, as prices rise and trading volume declines: upward momentum is weakening.

Market upward momentum is weakening, and it is advisable for investors to maintain a wait-and-see approach, being cautious of high-level pullback risks.

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