BOSS Wallet data source, Uniswap real-time price quotes, the latest price of UNI today reached $13.48, with an increase of up to 3.53%, trading volume $365 million

The candlestick chart shows that the current trend is volatile. Compared to 23:00, there is a slight increase; compared to 22:00, there is a slight decrease; compared to 15:00, there has been a rebound; and compared to 19:00, there has been a decrease. Prices are rising but trading volume is declining, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of sell orders, known as 'upward movement without volume'. In this case, the future price may experience a pullback or sideways consolidation. Due to the lack of support from trading volume, the price increase may be difficult to sustain, and caution should be exercised regarding the risk of a price decline at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there are new buy orders coming in. Overbought conditions, decreasing trading volume, and rising prices. Judging by the Williams indicator, it is currently overbought. Recently, trading volume has decreased, trading volume is lower than in previous hours, prices are rising, and trading volume is declining: upward momentum is weakening.

The market's upward momentum is weakening, it is recommended to remain cautious and wait for a clear direction, being alert to the risk of price pullbacks.

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