Latest Market Evening Report: DOGE Dogecoin price reaches $0.20524 per coin, with a daily increase of 3.51%

Coin World reports: Data from BOSS Wallet, today's market news for Dogecoin, the latest price of DOGE Dogecoin: $0.20524, 24-hour decline of -2.494%, trading volume $1.607 billion

According to the analysis of the candlestick chart, there is currently an upward trend. Compared to 08:00, there has been a significant increase, and there is a recovery compared to 01:00, breaking through the high point of 09:00. When prices rise while trading volume declines, it typically indicates that the market's upward momentum is weakening, and the number of buyers is decreasing.

This divergence phenomenon between volume and price is often due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to sustain their rise, and caution should be exercised regarding the risk of high-level pullbacks. Investors should pay attention to whether trading volume can accompany price increases and whether new buying pressure enters the market.

Recently, trading volume has decreased, and the momentum of price increases has weakened. The Williams indicator shows that it is now an overbought situation. Recently, trading volume has decreased; trading volume has dropped compared to previous hours, while prices have risen and volume has decreased: upward momentum is weakening.

Market upward momentum is weakening; it is recommended to reduce positions or wait and see, be cautious of pullback risks, and pay attention to changes in trading volume. #德克萨斯州比特币战略储备法案 #加密市场回调 #白宫首届加密货币峰会 #DOGE