BOSS Wallet data source, Polkadot's real-time price for DOT is $7.021 today, with an increase of 2.00%, and a trading volume of $176 million

According to the K-line chart analysis, the current trend is oscillating. Slightly up compared to 17:00, slightly down compared to 16:00, and a rebound compared to 09:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, considered as a 'no-volume rise'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, price increases may be difficult to sustain, and there is a risk of price retreating from high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. Decreased trading volume with rising prices. According to the Williams indicator, the current state is overbought. Recent trading volume has decreased, with trading volume lower than in previous hours, while prices are rising and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is advisable to remain cautious and be aware of the risk of price pullback.

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