BOSS Wallet data source, Optimism real-time price quotes, OP's latest price today is $1.6462, an increase of 3.51%, and the transaction volume is $420 million
From the K-line chart, we can see that the current trend is oscillating. It has risen significantly compared to 07:00 and has fallen slightly compared to 03:00. When prices rise and 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 due to a lack of selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases are difficult to sustain, and we need to be alert to the risk of a pullback from highs. Investors should pay attention to whether trading volume can match price increases and whether there are new buy orders entering the market.
The market is not hot and the trading volume is decreasing. Judging by the Williams indicator, it is currently overbought. The trading volume has decreased recently, and the trading volume is less than in the previous hours. The price rises and the trading volume decreases: the upward momentum is weakened.
The market's upward momentum has weakened and it may pull back or go sideways. We recommend that you operate with caution and pay attention to trading volume and new buying.
The above content is for reference only and does not constitute investment advice.