BOSS Wallet data source, Optimism real-time price quotes, OP's latest price today is $2.007, an increase of 3.51%, and the transaction volume is $278 million

According to the K-line chart, the current trend is oscillating. It has risen significantly compared to 14:00, rebounded compared to 06:00, and decreased compared to 12:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether trading volume can keep up with price increases and whether there is new buying interest. Decreased trading volume with rising prices. The Williams indicator shows that the market is currently overbought. Recently, trading volume has decreased, with volume lower than in previous hours, while prices rise and volume declines: bullish momentum is weakening.

Bullish momentum is weakening, or a pullback may be imminent; investors are advised to remain on the sidelines and monitor changes in trading volume.

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