BOSS Wallet data source, latest price news of Polkadot (DOT), the real-time price of DOT has risen by 2.03% to $4.425, trading volume $310 million
The candlestick chart shows a current consolidation trend. Slightly up compared to 15:00, slightly down compared to 16:00, recovered compared to 14:00, decreased compared to 08:00. Price is rising but trading volume is decreasing, which usually indicates weakened 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, considered to be a 'price increase without volume'. In this case, future prices may experience a correction or sideways consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, so caution is advised regarding the risk of price pullback at high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether new buying orders are entering. Market activity is low, and momentum is weakening. The Williams indicator shows that the current state is overbought. Recently, trading volume has decreased, with volume down compared to the previous hours, price is rising while volume is decreasing: upward momentum is weakening.
Market upward momentum is weakening, it is recommended to operate cautiously, pay attention to changes in trading volume and buying orders, and wait for market sentiment to recover.
The above content is for reference only and does not constitute investment advice.