BOSS Wallet data source, NEAR Protocol today's price trend, NEAR latest price has surged to $5.573, with an increase of 3.03%, trading volume $792 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. It has slightly risen compared to 10:00, slightly declined compared to 11:00, rebounded compared to 07:00, and decreased compared to 08:00. When the price rises but trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is often caused by a lack of selling pressure. In this context, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be cautious of the risk of price retracement at high levels and pay attention to whether trading volume can keep up with price increases and whether there is new buying interest.
Trading volume decreases while price rises. The Williams indicator suggests that there is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume lower than in previous hours, while prices have risen, indicating weakening upward momentum.
The market's upward momentum is weakening, suggesting a wait-and-see approach, waiting for a clear direction, and being cautious of the risk of retracement at high levels.

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