BOSS Wallet data source, ConstitutionDAO today's price trend, PEOPLE latest price has broken through to $0.04771, with an increase of 3.02%, trading volume $67.2637 million

By studying the candlestick chart, it is currently in a downtrend. Slightly up compared to 08:00, slightly down compared to 09:00, and rebounding compared to 07:00. Prices are rising but trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be due to a lack of selling pressure. In this case, future prices may experience a pullback or consolidation, as the lack of trading volume support makes it difficult for prices to continue rising. Investors should be wary of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases and whether new buying pressure emerges.
In a downtrend, trading volume decreases while prices rise. According to the Williams indicator, it currently does not exhibit overbought or oversold conditions. Recently, trading volume has decreased, with volume lower than in previous hours, and prices rising while volume declines: upward momentum is weakening.

Upward momentum is weakening; it is advisable to continue observing and pay attention to subsequent changes in trading volume, while being wary of the risk of price pullbacks.

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