BOSS Wallet data source, Dogecoin DOGE today's market news, latest price of DOGE Dogecoin: $0.33328, 24-hour increase of 7.164%, trading volume $3.379 billion

From the analysis of the candlestick chart, it is known that there is currently a downward trend. Compared to 10:00, there was a slight increase; compared to 11:00, there was a slight decrease; and there has been a decline from 05:00. 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 reducing.
The price increase may be due to a lack of selling pressure, which is considered as 'uptrend without volume'. In this case, the price may undergo a correction or sideways consolidation in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and there is a need to be cautious of the risk of price retreating from high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. Market activity is low and momentum is weakening. The Williams indicator shows that it is currently in a state of neither overbought nor oversold. Recently, trading volume has decreased, with trading volume decreasing compared to the previous few hours, the price rising, and trading volume falling: upward momentum is weakening.

Upward momentum is weakening, it is advisable to remain cautious, focus on trading volume and new buying interest, and wait for the market to stabilize.

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

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