BOSS Wallet data source, Pepe today's market news, PEPE latest price: $0.0000213, 24-hour increase of 2.7%, trading volume $1.129 billion

Through K-line chart analysis, it is currently in a consolidation trend. Compared to 13:00, there has been a significant increase, recovering from 08:00, breaking through the high of 14:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling, which is considered a 'no-volume rise'. In this case, the future price may experience a pullback or sideways consolidation. Due to the lack of support from trading volume, the price rise may be difficult to sustain, and one should be cautious of the risk of a price drop at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. Overbought state, decreasing trading volume, rising prices. The Williams indicator indicates that it is currently an overbought period. Recently, trading volume has decreased, with volume down from previous hours and prices rising, with decreasing volume: upward momentum is weakening.

Weakening upward momentum, it is recommended to remain cautious and make decisions after the market direction is clear.

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