BOSS Wallet data source, Polkadot (DOT) real-time price quote, the latest price of DOT today is $7.635, with an increase of up to 2.00%, trading volume is $463 million
Based on the K-line chart analysis, it is currently in a fluctuating trend. Slightly up compared to 12:00, slightly down compared to 13:00, and rebounding compared to 06:00. When the price rises while trading volume decreases, it usually indicates a weakening of market upward momentum and a decrease in the number of buyers.
This divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of volume support, it is difficult for the price to sustain an increase, and the risk of a high-level fall should be noted. Investors should pay attention to whether trading volume can accompany price increases and whether new buying interest enters the market.
Trading volume is decreasing while the price is rising. The Williams indicator indicates that it is now in an overbought state. Recent trading volumes have decreased, trading volume has decreased compared to the previous hours, with price rising and volume falling: upward momentum is weakening.
Market upward momentum is weakening, it is recommended to remain cautious and vigilant against the risk of a high-level fall.
The above content is for reference only and does not constitute investment advice.