BOSS Wallet data source, Binance Coin BNB real-time price quotes, BNB Binance Coin's latest price today reached $605.5, an increase of 1.00%, and the transaction volume was $2.039 billion
According to the candlestick chart, the current trend is oscillating. Compared with 16:00, it has risen significantly and broken through the high point of 11:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. The trading volume decreases and the price rises. According to the Williams indicator, it is not overbought or oversold 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 is weakened.

The upward momentum has weakened, so it is recommended to wait and see and take action after the market direction is clear.
The above content is for reference only and does not constitute investment advice.

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