BOSS Wallet data source, latest price information of Optimism, OP real-time price increased by 3.52% to $2.411, trading volume $355 million

Through K-line chart analysis, currently in a consolidation trend. Slightly up compared to 12:00, slightly down compared to 13:00, rebounded compared to 06:00, decreased compared to 11:00. Price rises but trading volume declines, usually indicating a weakening of market bullish momentum and a decrease in the number of buyers.
This phenomenon of price-volume divergence may be due to a lack of selling pressure. In this case, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for the price increase to sustain. Investors should be cautious of the risk of a high position retracement and pay attention to whether the trading volume can keep up with the price rise, as well as whether new buying pressure emerges.
Market activity is low, and momentum is weakening. According to the Williams indicator, it is currently in the overbought zone. Recent trading volume has decreased, trading volume has reduced compared to the previous few hours, price rises while trading volume falls: bullish momentum is weakening.
Bullish momentum is weakening, be cautious of retracement risks, it is recommended to observe cautiously until market sentiment recovers.

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