BOSS Wallet data source, Toncoin today's price trend, TON latest price has broken through to $5.827, with an increase of 2.03%, trading volume $190 million

Through candlestick chart analysis, it is currently in a volatile trend. Compared to 10:00, there has been a significant increase, and it has rebounded from 06:00, breaking through the high point at 11:00. The price is rising but trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening, and the number of buyers is decreasing.
This divergence phenomenon between volume and price may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price to sustain its increase. Investors should be alert to the risk of a retreat from high levels and pay attention to whether trading volume can keep up with the price increase and whether new buying pressure emerges.
Overbought state, trading volume decreases, price increases. The Williams indicator shows that the current market state is overbought. Recently, trading volume has decreased, with trading volume lower than in previous hours, while the price rises and trading volume declines: upward momentum is weakening.

Market is overbought, upward momentum is weakening, it is recommended to wait and see, and operate after the direction is clear.

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