BOSS Wallet data source, Uniswap real-time price trend, the latest price of UNI today reached $14.232, an increase of 3.00%, trading volume $466 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 07:00, there has been a significant increase, but a decline compared to 01:00. When the price rises while the trading volume decreases, it usually indicates a weakening of market upward momentum and a reduction in the number of buyers.
This phenomenon of divergence between price and volume is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to sustain an upward trend, and one should be wary of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether there are new buyers entering the market.
In a consolidation trend, trading volume decreases while prices rise. According to the Williams indicator, it is currently considered overbought. Recently, trading volume has decreased, with volume dropping compared to the previous few hours, and as prices rise, the decrease in trading volume indicates a weakening of upward momentum.

Upward momentum is weakening, be cautious of pullback risks, it is recommended to remain on the sidelines and pay attention to changes in trading volume.

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