BOSS Wallet data source, Binance Coin (BNB) real-time price trend, the latest price of BNB today reached $651.43, with an increase of 1.09%, trading volume $2.647 billion

According to the candlestick chart, it is currently in a volatile trend. Compared to 22:00, there has been a significant increase, a recovery from 17:00, and a breakthrough of the high point from 15:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be caused by a lack of selling pressure. In this case, the future price may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price to sustain its rise. Investors should be wary of the risk of a high-level retreat and pay attention to whether the trading volume can keep up with the price increase, as well as whether there are new buying pressures.
In a volatile trend, trading volume decreases while the price rises. According to the Williams indicator, the current market state is overbought. Recent trading volume has decreased, with trading volume down compared to the previous hours, while the price rises and trading volume falls: upward momentum is weakening.

Upward momentum is weakening, it is recommended to stay on the sidelines, pay attention to changes in trading volume and new buying conditions, and be wary of the risk of a high-level retreat.

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

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