BOSS Wallet data source, Arbitrum today's market news, latest ARB price: $0.9423, 24-hour increase of 4.57%, trading volume $464 million

By analyzing the candlestick chart, there is currently an upward trend. Compared to a significant drop at 22:00, there has been a rebound compared to 19:00, but a decline compared to 14:00. The price is rising but trading volume is decreasing, which usually indicates a weakening of market upward momentum and a reduction in the number of buyers.
This divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may retrace or consolidate. Due to the lack of volume support, price increases may be difficult to sustain, and investors should be cautious of the risk of price pullbacks at high levels.
It is recommended to pay attention to whether trading volume can keep up with price increases and whether new buying pressure is entering. The price is rising, indicating weakening upward momentum. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, with a reduction in trading volume compared to previous hours, while the price is rising and trading volume is declining: upward momentum is weakening.

With weakening upward momentum, it is advisable to enter cautiously and set stop-loss levels, paying attention to changes in trading volume and the situation of new buying pressure.

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