PEPE real-time price rose to $0.000006986 and then began to fall back $
, trading volume $601 million
After analyzing the K-line chart, it was found that it is currently in a volatile trend. It rose slightly compared to 11:00, fell slightly compared to 12:00, rebounded compared to 04:00, and fell compared to 07:00. The price rose but the trading volume fell, which usually means that the market's upward momentum has weakened and the number of buyers has decreased.
This volume-price divergence phenomenon may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. In the volatile trend, the trading volume decreases and the price rises. According to the William indicator, it is now overbought. The trading volume has decreased recently, and the trading volume has decreased compared to the previous few hours. The price has risen and the trading volume has fallen: the upward momentum has weakened.
