BOSS Wallet data source, ConstitutionDAO real-time price quotes, PEOPLE's latest price today reached $0.06513, with a high increase of 3.51%, volume $2.37 billion
Based on the Candlestick Chart analysis, it is currently in a downward trend. Compared to a significant pump at 11:00, there is a slight rise compared to 08:00, breaking through the high point of 07:00. The price rises but the volume decreases, usually indicating a weakening momentum of the market pump and a decrease in the number of buyers.
This volume-price divergence phenomenon may be due to a lack of selling pressure. In this case, future prices may experience pullback or sideways consolidation, as the lack of volume support makes it difficult for the price pump to sustain. Investors need to be alert to the risk of a high-level pullback, whether the volume can keep up with the price pump, and whether there is new buying interest.
In a declining trend, the volume is decreasing, and the price is rising. The Williams indicator shows that the current market status belongs to neither Overbought nor Oversold. The recent decrease in volume, compared to the previous few hours, has led to a rise in price, but the decreasing volume indicates a weakening pump momentum.
The upward momentum weakens, it is recommended to wait and see, follow the changes in volume and the situation of new buying.
The above content is for reference only and does not constitute investment advice.
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The latest market evening report from Gate.io: The price of PEOPLE has reached $0.06513 per token, with a 3.51% increase during the day.
BOSS Wallet data source, ConstitutionDAO real-time price quotes, PEOPLE's latest price today reached $0.06513, with a high increase of 3.51%, volume $2.37 billion
Based on the Candlestick Chart analysis, it is currently in a downward trend. Compared to a significant pump at 11:00, there is a slight rise compared to 08:00, breaking through the high point of 07:00. The price rises but the volume decreases, usually indicating a weakening momentum of the market pump and a decrease in the number of buyers. This volume-price divergence phenomenon may be due to a lack of selling pressure. In this case, future prices may experience pullback or sideways consolidation, as the lack of volume support makes it difficult for the price pump to sustain. Investors need to be alert to the risk of a high-level pullback, whether the volume can keep up with the price pump, and whether there is new buying interest. In a declining trend, the volume is decreasing, and the price is rising. The Williams indicator shows that the current market status belongs to neither Overbought nor Oversold. The recent decrease in volume, compared to the previous few hours, has led to a rise in price, but the decreasing volume indicates a weakening pump momentum.
The upward momentum weakens, it is recommended to wait and see, follow the changes in volume and the situation of new buying.
The above content is for reference only and does not constitute investment advice.