BOSS Wallet data source, Arbitrum today's price trend, the latest ARB price has risen to $0.9662, an increase of 3.03%, trading volume $1.002 billion

Analyzing through candlestick charts, it is currently in an upward trend. Compared to 15:00, there was a significant drop, but it has rebounded compared to 08:00. The price has fallen but trading volume has increased, which usually indicates intensified selling pressure, with sellers actively offloading. This may be due to the market holding a pessimistic view on future prices, or triggered by negative news leading to panic selling.
In this situation, future prices may continue to decline due to heavy selling pressure and low market sentiment. Investors need to pay attention to whether the price will break below key support levels; if the support is lost, it could lead to a larger decline.
Trading activity has increased, but prices are declining. The Williams indicator indicates that the current state is neither overbought nor oversold. Recent trading volume has increased, with trading volume rising compared to a few hours ago, while prices have fallen: selling pressure is increasing.
Market sentiment remains low; it is recommended to pay attention to support levels and make decisions only when there are signs of a halt in the decline.

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