BOSS Wallet data source, latest price news of NEAR Protocol, NEAR real-time price rises by 3.52% to $5.236, trading volume $225 million

According to the candlestick chart analysis, it is currently a volatile trend. Compared to 17:00, it has increased significantly, has rebounded compared to 09:00, and has decreased compared to 12:00. The price is rising but the trading volume is declining, 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, which is considered 'volume-less rise'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price rise may be difficult to sustain, and caution is needed regarding the risk of price retreat at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase, and whether there is new buying interest entering the market. Trading volume decreases while price rises. The Williams indicator shows that the current market condition is overbought. Recently, trading volume has decreased, with a reduction compared to previous hours, price rising, and trading volume declining: upward momentum is weakening.

Upward momentum is weakening, the market is overbought, it is recommended 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.