BOSS Wallet data source, Arbitrum real-time price trend, the latest price of ARB today reached $0.8903, with an increase of up to 3.02%, trading volume $484 million

By analyzing the candlestick chart, it is currently an upward trend. Slightly up compared to 16:00, slightly down compared to 15:00, rebounding compared to 10:00, and decreasing compared to 12:00. Prices are rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether trading volume can keep up with price increases and whether there is new buying interest. Recently, trading volume has decreased, and the upward momentum in price is weakening. The Williams indicator shows that it is currently in the overbought zone. Recently, trading volume has decreased, with trading volume down compared to the previous few hours, price rising, and trading volume declining: upward momentum is weakening.

Upward momentum is weakening, overbought, and divergence between volume and price is observed; it is recommended to reduce positions or wait and see to guard against the risk of a pullback.

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