Coin World Network real-time market morning news: DOT Polkadot coin price breaks through $9.896 per coin, rising 2.02% during the day.

BOSS Wallet data source, Polkadot polkadot-new today's market news, DOT Polkadot's latest price: $9.896, 24-hour rise 11.57%, volume $16.1 billion

After analyzing the Candlestick Chart, it is found that the market is currently in a oscillating trend. Compared to a significant pump at 19:00, it has rebounded slightly from 12:00 and broke through the high point at 20:00. The price has risen but the volume has decreased, which usually indicates a weakening momentum of market pump and a decrease in the number of buyers. This volume-price divergence phenomenon may be caused by a lack of selling pressure. In this case, the future price may experience a pullback or sideways consolidation due to a lack of volume support, making it difficult for the price pump to sustain. Investors should be cautious of the risk of a high-level pullback and follow whether the volume can keep up with the price pump, as well as whether there are new buying pressures emerging. Overbought state, volume decreases, the price rises. According to the Williams indicator, the current market is Overbought. Recently, the volume has decreased, it is lower than the previous few hours, and the price rises. The volume is decreasing, indicating a weakening pump momentum.

The upward momentum is weakening, the market is overbought, it is recommended to wait and see, and operate after the direction becomes clear.

The above content is for reference only and does not constitute investment advice.