BOSS Wallet data source, latest price news for Optimism, OP real-time price increased by 3.05% to $2.433, trading volume $539 million

Analysis through candlestick charts indicates that there is currently a fluctuation trend. Compared to 11:00, there is a significant increase, and it has rebounded from 08:00, breaking the high point of 12:00. The price is rising but the trading volume is decreasing, which typically indicates a weakening of market momentum and a reduction in the number of buyers.
This phenomenon of divergence between price and volume may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases, as well as whether new buying pressure emerges.
Trading volume decreases while the price rises. The Williams indicator shows that the current market is neither overbought nor oversold. Recently, trading volume has decreased, with volume reduced compared to previous hours, and prices are rising while volume is declining: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to observe, and make decisions after the market direction becomes clear.

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