BOSS Wallet data source, Polkadot's current market news, the latest price of DOT Polkadot: $9.896, 24-hour increase 11.57%, trading volume $1.61 billion

After analyzing the K-line chart, it is found that the market is currently in a consolidation trend. Compared to 19:00, there has been a significant increase, and there is a recovery compared to 12:00, breaking through the high point of 20:00. Prices are rising but trading volume is declining, which usually indicates a weakening of market upward momentum and a decrease in the number of buyers.
This phenomenon of divergence between volume and price may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation due to a lack of volume support, making it difficult for prices to sustain their rise. 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.
Overbought state, declining trading volume, rising prices. According to the Williams indicator, the current market is overbought. Recently, trading volume has decreased, and trading volume has decreased compared to previous hours, while prices have risen, indicating weakened upward momentum.

Weakened upward momentum, market overbought, it is recommended to observe and operate only after the direction is clear.

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