The latest evening report on Gate.io: PEOPLE price reached $0.0652 per token, with a daily increase of 3.02%.

BOSS Wallet data source, ConstitutionDAO latest price news, PEOPLE real-time price pump3.02% to $0.0652, volume $2.37 billion

From the analysis of the Candlestick Chart, it is currently in a downward trend. Compared to a significant pump at 11:00, it has rebounded compared to 08:00 and broken the high point of 07:00. When the price rises and the volume decreases, it usually means that the market’s pumping momentum weakens and the number of buyers decreases. This kind of divergence between volume and price is usually due to a lack of selling pressure. In this case, the future price may pullback or consolidate sideways. Due to the lack of volume support, the price pump is difficult to sustain, and investors need to be vigilant about the risk of a high-level pullback. Investors should follow whether the volume can match the price pump and whether new buying pressure enters the market. In a downward trend, the volume decreases and the price rises. The Williams indicator shows that there is no period of overbought and oversold. Recently, the volume has decreased, with a decrease in volume compared to the previous few hours. The price rises while the volume decreases: the pump momentum weakens.

The upward momentum is weakening. It is recommended to wait and see, follow the volume and the situation of new buying orders, and beware of the risk of a high-level pullback.

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