BOSS Wallet data source, Curve today's market news, latest CRV price: $0.9554, 24-hour increase 0.717%, trading volume $372 million

From the analysis of the candlestick chart, it is currently in a downward trend. Compared to 16:00, there has been a significant increase, and it has rebounded from 13:00, breaking through the high point of 17:00. When the price rises while trading volume decreases, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate. Due to the lack of trading volume support, it is difficult for the price to sustain its rise, and one should be wary of the risk of a high-level pullback. Investors should pay attention to whether trading volume can support the price increase and whether new buying interest is entering the market.
Trading volume decreases while price rises. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume lower than in previous hours, while price increases and volume decreases indicate weakening upward momentum.
Weakening upward momentum, or facing a correction, it is recommended to watch and pay attention to changes in trading volume and new buying interest.


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