BOSS Wallet data source, Binance Coin bnb today's market news, BNB Binance Coin latest price: $588.2, 24 hours up 3.12%, transaction volume $1.855 billion
According to the candlestick chart analysis, the current trend is downward. It has risen significantly compared to 06:00, rebounded compared to 03:00, and decreased compared to 00:00. 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 decreases.
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 trading volume decreases, the price rises, and the upward momentum weakens. Judging from the Williams indicator, there is no overbought or oversold state now. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises, and the trading volume decreases: the upward momentum weakens.

The market's upward momentum has weakened. It is recommended to remain on the sidelines and pay attention to changes in trading volume and new buying.
The above content is for reference only and does not constitute investment advice.

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