PEPE price reached $0.000020361 per piece, up 3.06% during the day
Pepe latest price news, PEPE real time price up 3.06% to $0.000020361, trading volume $3.957 billion
By parsing the k-chart, it is now in an oscillator trend. It is more sharply up compared to 11:00, back up from 05:00 and down from 03:00. When prices rise and volume falls, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This volume-price divergence is usually due to a lack of selling. In this case, prices may retrace or move sideways in the future. Due to the lack of volume support, price rises are unsustainable and one needs to be wary of the risk of a pullback from higher levels. Investors should keep an eye on the trading volume to see if it matches the price rise and if new buying enters the market.
Trading volume is decreasing and prices are rising. Based on the Williams indicator, the current market is not overbought or oversold. Recently the trading volume has decreased, the volume of trades is lower than in the previous hours, the price is rising and the volume of trades is decreasing: the upward momentum is weakening.
The market's upward momentum is weakening, so it is advisable to wait and see until the direction is clear. Meanwhile, pay attention to the trading volume and new buy orders.
The above is for reference only and does not constitute investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: BTC Breaks $93,000
ETH/BTC down 5.3% today
A whale withdrew 100 ETH from cex to buy 138,462 ORA, with an unrealised profit of $340,000