BOSS Wallet data source, Worldcoin today's market news, WLD latest price: $2.406, 24-hour increase 5.758%, trading volume $254 million

According to the analysis of the K-line chart, it is currently in a consolidation trend. Compared to 13:00, it has slightly increased; compared to 12:00, it has slightly decreased; it has rebounded from 05:00; and it has decreased from 11:00. The price is rising but the trading volume is decreasing, which typically indicates a weakening upward momentum in the market and a reduction in the number of buyers.
The price increase may be due to a lack of sell orders, which is considered a 'volume-less rise.' In this situation, 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 one should be wary of the risk of price retracement 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. In a consolidation trend, trading volume decreases while the price rises. Using the Williams indicator, it is currently overbought. Recently, trading volume has decreased, with volume lower than in previous hours, while the price rises and trading volume declines: upward momentum is weakening.

With weakening upward momentum, it is recommended to remain cautious and pay attention to changes in trading volume and new buying interest.

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