BOSS Wallet data source, the price trend of Dogecoin DOGE today, the latest price of DOGE has broken through to $0.39318, with an increase of 3.51%, trading volume of $4.337 billion

Based on the K-line chart analysis, the current trend is downward. Compared to 19:00, there has been a significant increase, a rebound compared to 15:00, and a decrease compared to 13:00. The price is rising but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be due to a lack of selling pressure. In this case, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for prices to continue rising. Investors should be cautious of the risk of a pullback from high positions and pay attention to whether trading volume can keep up with price increases and whether new buying pressure emerges.
In a downward trend, trading volume decreases while prices rise. According to the Williams indicator, there are currently no overbought or oversold conditions. Recently, trading volume has decreased, with volume dropping compared to previous hours, while prices are rising and trading volume is falling: upward momentum is weakening.

In an upward trend with divergence between volume and price, upward momentum is weakening, and it is recommended to remain on the sidelines and pay attention to subsequent changes in trading volume.

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

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