BOSS Wallet data source, ConstitutionDAO current price situation, PEOPLE latest price breaks to $0.0671, an increase of 3.01%, trading volume $219 million

According to the analysis of the K-line chart, it is currently in an upward trend. Compared to 21:00, there is a significant increase, and it has rebounded compared to 17:00, breaking through the high point of 22:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the support of trading volume is lacking, making it difficult for prices to continue rising. Investors need to be wary of the risk of a high-level pullback, pay attention to whether trading volume can keep up with the price increase, and whether there is new buying interest.
Recently, trading volume has decreased, and the upward momentum of prices is weakening. The Williams indicator shows that the current market is in an overbought condition. Recently, trading volume has decreased, with trading volume reduced compared to the previous hours, while prices are rising and trading volume is falling: upward momentum is weakening.

Upward momentum is weakening, the market is overbought, it is recommended to reduce positions or wait and see, and pay attention to the risk of pullbacks.

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