BOSS Wallet data source, latest price news from Optimism, OP real-time price increased by 3.00% to $2.367, trading volume $364 million

From the candlestick chart, it can be seen that it is currently in a volatile trend. Compared to 08:00, there has been a significant increase, and it has rebounded from 06:00, breaking through the high point of 02:00. When the price rises but the trading volume decreases, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of sell orders. In this context, future prices may experience a pullback or sideways consolidation due to the lack of support from trading volume, making it difficult for prices to continue rising. Investors should be cautious about the risk of price falling from high levels and pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest.
In a volatile trend, trading volume decreases while the price rises. According to the Williams indicator, the current market is not overbought or oversold. Recently, trading volume has decreased, with volume down compared to previous hours, while the price rises and trading volume falls: upward momentum is weakening.

Upward momentum is weakening, it is recommended to remain cautious, pay attention to changes in trading volume, and be aware of the risk of price pullbacks.

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