BOSS Wallet data source, ConstitutionDAO today's market news, PEOPLE latest price: $0.0673, 24-hour fall -1.81%, volume $2.2 billion
By analyzing the Candlestick Chart, it is now in a pump trend. Compared to the larger pump at 21:00, it has rebounded from 17:00 and broken through the high point of 22:00. The price has risen but the volume has decreased, which usually means that the pump momentum of the market is weakening and the number of buyers is decreasing.
The phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, the future price may pullback or consolidate sideways. Due to the lack of volume support, the pump in price may be difficult to sustain, and investors should be vigilant about the risk of a pullback at high levels.
It is recommended to follow whether the volume can keep up with the price pump, and if there are new buying orders coming in. The market trend is upward, with decreasing volume and rising prices. The Williams indicator shows that it is currently in an Overbought state. The recent decrease in volume, compared to the previous few hours, has led to rising prices and decreasing volume: weakening the pump momentum.
The upward momentum weakens, and there may be a pullback risk. It is recommended to reduce positions in a timely manner and follow the changes in volume and the introduction of new buying orders.
The above content is for reference only and does not constitute investment advice.
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Coin World Network real-time market morning report: PEOPLE price exceeds 0.0673 US dollars/coin, rising 3.51% within the day.
BOSS Wallet data source, ConstitutionDAO today's market news, PEOPLE latest price: $0.0673, 24-hour fall -1.81%, volume $2.2 billion
By analyzing the Candlestick Chart, it is now in a pump trend. Compared to the larger pump at 21:00, it has rebounded from 17:00 and broken through the high point of 22:00. The price has risen but the volume has decreased, which usually means that the pump momentum of the market is weakening and the number of buyers is decreasing. The phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, the future price may pullback or consolidate sideways. Due to the lack of volume support, the pump in price may be difficult to sustain, and investors should be vigilant about the risk of a pullback at high levels. It is recommended to follow whether the volume can keep up with the price pump, and if there are new buying orders coming in. The market trend is upward, with decreasing volume and rising prices. The Williams indicator shows that it is currently in an Overbought state. The recent decrease in volume, compared to the previous few hours, has led to rising prices and decreasing volume: weakening the pump momentum.
The upward momentum weakens, and there may be a pullback risk. It is recommended to reduce positions in a timely manner and follow the changes in volume and the introduction of new buying orders.
The above content is for reference only and does not constitute investment advice.