The latest market report from BiJieWang: UNI price reaches $14.232 per coin, with a daily increase of 3.00%.

BOSS Wallet data source, Uniswap real-time price quotes, UNI's latest price today reached $14.232, with a high increase of 3.00%, volume$4.66 billion

Based on the analysis of the k-line chart, it is currently in a oscillating trend. Compared to a significant increase at 07:00, it has decreased at 01:00. When the price rises and the volume decreases, it usually means that the market's upward momentum weakens and the number of buyers decreases. This divergence between volume and price is usually due to a lack of selling pressure. In this case, the future price may retrace or consolidate sideways. Due to the lack of volume support, it is difficult for the price to sustain its rise, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether the volume can support the price increase and whether there are new buying pressures entering the market. In a volatile trend, the volume decreases and the price rises. According to the Williams indicator, it is currently considered overbought. Recently, the volume has decreased, with less volume compared to the previous few hours, and the price has risen. Decreasing volume indicates weakening upward momentum.

The upward momentum is weakening, be cautious of the risk of a pullback, and it is recommended to stay on the sidelines and pay attention to changes in volume.

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

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