BOSS Wallet data source, Optimism latest price news, OP real-time price rose 3.06% to $1.853, transaction volume $302 million

Based on the analysis of the K-line chart, the current trend is oscillating. It is slightly higher than 11:00, slightly lower than 10:00, higher than 04:00, and lower than 09:00. The price rises but the trading volume decreases, which usually means that the momentum of the market rise is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may experience a pullback or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be alert to the risk of a pullback from highs and pay attention to whether trading volume can keep up with price increases and whether new buying appears.
The market is not hot and the trading volume is decreasing. Judging from the Williams indicator, there is no overbought or oversold at present. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The upward momentum has weakened. It is recommended to operate with caution, pay attention to changes in trading volume, and be alert to the risk of falling from highs.

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