DOGE, DOGE latest price: $0. 43404, up 3. 42% in 24 hours, trading volume $5.4900 million
According to the k-line chart analysis results, it is currently a downward trend. Compared with 13:00, higher than 12:00, breaking the high of 08:00. Rising prices but lower trading volumes usually indicate a weakening of market momentum and a lower number of buyers.
This volume and price divergence may be caused by a lack of selling. In this case, there may be a price correction or sideways consolidation in the future, because of the lack of trading volume support, the price rise can not be sustained. Investors need to be alert to the risk of high highs, whether trading volume can keep up with rising prices and whether there is new buying intervention.
In the downward trend, trading volume decreases and prices rise. According to William's index, it is now not overbought and oversold. Recently trading volume has decreased, trading volume is less than the previous few hours, prices rise, trading volume decreased: rising momentum weakened.
Market rising momentum weakened, it is recommended to keep wait and see, alert to the risk of a price correction.
The above content is for reference only and does not constitute investment advice.