BOSS Wallet data source, Arbitrum today's price market, ARB latest price breaks to $1.0258, an increase of 3.03%, trading volume $1.098 billion

Based on the candlestick chart analysis, we are currently in an upward trend. Compared to 18:00, there has been a significant increase, recovering from the 11:00 level and breaking through the 15:00 high. The price is rising but trading volume is decreasing, which usually indicates a weakening of upward momentum in the market, with fewer buyers.
The price increase may be due to a lack of selling pressure, referred to as 'upward movement without volume'. In this case, future prices may experience a pullback or consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and caution is advised regarding the risk of price retreating from high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. The market trend is upward, with decreased trading volume and rising prices. According to the Williams indicator, the current situation is overbought. Recently, trading volume has decreased, with a reduction from the previous hours while prices are rising and volume is declining: upward momentum is weakening.

Upward momentum is weakening, or there may be a pullback risk; it is recommended to reduce positions on rallies to control risk.

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