BOSS Wallet data source, Arbitrum price today, ARB latest price breaks through $0.6057, up 3.01%, transaction volume $491 million
According to the K-line chart analysis, it is currently in a downward trend. It has risen significantly compared to 18:00, rebounded compared to 15:00, and declined compared to 10:00. When prices rise but trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling. In this context, prices may experience a correction 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 wary of the risk of a price decline at a high level, and pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention.
In a downtrend, the volume decreases and the price rises. The Williams indicator shows that it is not overbought or oversold. The volume has decreased recently, and the volume is less than in the previous hours. The price rises and the volume decreases: the upward momentum is weakening.

The upward momentum has weakened and a pullback is possible. It is recommended to wait and see and pay attention to changes in trading volume and new buying.
The above content is for reference only and does not constitute investment advice.