BOSS Wallet data source, real-time price trend of Solana (SOL), the latest price of Solana today reached $193.59, with a rise of 2.02%, and a trading volume of $2.357 billion.
From the analysis of the candlestick chart, it can be seen that the current trend is a sideways trend. Compared to 17:00, there is a significant increase; compared to 09:00, there has been a rebound; compared to 12:00, there has been a decline. When the price rises but the 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 caused by a lack of selling pressure. In this context, future prices may experience a pullback or consolidation, as the lack of trading volume support makes it difficult for prices to sustain increases. Investors should be cautious of the risk of price pullbacks at high levels and pay attention to whether trading volume can keep up with price increases and whether there is new buying interest.
Market sentiment is low, and trading volume is decreasing. The Williams indicator shows that it is currently an overbought time. Recently, trading volume has decreased, with trading volume lower than in previous hours, while prices are rising and trading volume is declining: upward momentum is weakening.
Upward momentum is weakening, or a pullback may be imminent. It is advisable to operate cautiously and pay attention to changes in trading volume.
The above content is for reference only and does not constitute investment advice.