BOSS Wallet data source, ConstitutionDAO today's market news, PEOPLE latest price: $0.0673, 24-hour drop -1.81%, trading volume $220 million

By analyzing the K-line chart, it is currently on an upward trend. Compared to 21:00, it has risen significantly and has rebounded from 17:00, breaking through the high point of 22:00. The price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of volume support, it may be difficult for price increases to be sustained, and investors should be wary of the risk of price retracement at high levels.
It is recommended to pay attention to whether trading volume can keep up with price increases and whether there are new buying interventions. The market trend is upward, trading volume is decreasing, and prices are rising. The Williams indicator indicates that it is currently in an overbought state. Recently, trading volume has decreased, trading volume has dropped compared to previous hours, with rising prices and declining trading volume: upward momentum is weakening.

Upward momentum is weakening, or there is a risk of pullback. It is recommended to reduce positions in a timely manner and pay attention to changes in trading volume and new buying interventions.

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