BOSS Wallet data source, Pepe real-time price trend, PEPE today's latest price reaches $0.00001954, with a rise of up to 3.55%, trading volume $1.978 billion
According to the study results of the K-line chart, it is currently a fluctuating trend. Compared to the significant drop at 15:00, there has been a rebound compared to 10:00, and a decline compared to 13:00. When the price rises but the trading volume decreases, it usually indicates that the market's upward momentum is weakening, and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling pressure. In this context, future prices may see a correction or sideways consolidation, as the lack of trading volume support makes price increases difficult to sustain. Investors should be cautious of the risk of price pullbacks at high levels and pay attention to whether trading volume can keep up with price increases and whether new buying interest emerges.
Trading volume decreases, price rises. According to the Williams indicator, it is currently overbought. Recently, trading volume has decreased, with trading volume lower than in previous hours, while prices have risen and trading volume has declined: upward momentum is weakening.
Upward momentum is weakening, it is recommended to observe, be cautious of pullback risks, and pay attention to changes in trading volume.
The above content is for reference only and does not constitute investment advice.