BOSS Wallet data source, ConstitutionDAO latest price news, PEOPLE real-time price increased by 3.58% to $0.03911, trading volume $98.9518 million

Based on the analysis of the candlestick chart, it is currently in a downtrend. Compared to 15:00, it has significantly dropped, breaking through the low point at 16:00. When the price drops while trading volume increases, it usually indicates that selling pressure in the market is increasing, and sellers are actively selling.
This situation may be due to the market becoming pessimistic about future prices, or being influenced by some negative news, leading to panic selling. Future prices may continue to decline as selling pressure is high and market sentiment is pessimistic.
Investors should be cautious about whether the price will break below key support levels. If the support level is breached, it may trigger a larger decline. Trading volume is increasing, prices are falling, and market selling pressure is high. According to the Williams indicator, there is currently no overbought or oversold condition.
Recently, trading volume has increased, with volume rising compared to the previous hours, while prices are falling: selling pressure is increasing.
Market sentiment remains pessimistic, selling pressure is increasing, and it is recommended to continue reducing positions and pay attention to support levels.

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