Source of BOSS Wallet data, the latest price news of Polkadot-new, the real-time price of DOT Polkadot rose by 3.52% to $4.594, with a transaction volume of $104 million
By analyzing the K-line chart, it is now in a volatile trend. Compared with 22:00, it has risen sharply, and it has rebounded compared with 16:00, breaking through the high point of 20:00. The price rises but the trading volume decreases, which usually means that the momentum of the market rise is weakened and the number of buyers is reduced.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may experience a pullback or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be alert to the risk of a pullback from highs and pay attention to whether trading volume can keep up with price increases and whether new buying appears.
The market is not hot and the trading volume is decreasing. The Williams indicator indicates that it is now overbought. The trading volume has decreased recently, and the trading volume is less than in the previous hours. The price is rising and the trading volume is falling: the upward momentum is weakening.
The upward momentum has weakened and the market may pull back or go sideways. We recommend that you operate with caution and pay attention to changes in volume and price.
The above content is for reference only and does not constitute investment advice.