BOSS Wallet data source, Arbitrum real-time price market, the latest price of ARB today reached $0.745, with an increase of up to 3.00%, trading volume $180 million

According to the analysis of the K-line chart, it is currently in an upward trend. Compared to 17:00, it has increased significantly, rebounding from 10:00 and breaking through the high point of 15:00. When the price rises while the trading volume decreases, it usually indicates a weakening of market upward momentum and a reduction in the number of buyers.
This phenomenon of volume-price divergence is often due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for the price to maintain an upward trend, and there is a risk of a high-level pullback. Investors should pay attention to whether the trading volume can accompany the price increase and whether new buyers are entering the market.
Recently, trading volume has decreased, and the upward price momentum has weakened. According to the Williams indicator, it is currently considered overbought. Recent trading volume has decreased, with trading volume lower than in previous hours while the price rises and volume decreases: upward momentum weakens.

Upward momentum is weakening, and a correction may occur. It is recommended to reduce positions or wait and see, focusing on changes in trading volume and new buying interest.

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