BOSS Wallet data source, Arbitrum real-time price market, the latest price of ARB today reached $0.9669, with an increase of 3.00%, trading volume $948 million

Observing the candlestick chart, it is currently in a downward trend. Compared to 12:00, there has been a significant increase, and it has rebounded from 08:00, breaking through the high of 05:00. Prices are rising but trading volume is decreasing, which typically indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This divergence between price and volume may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases and if new buyers are entering the market.
Decreased trading volume and rising prices indicate weakening upward momentum. According to the Williams indicator, the current market state shows no overbought or oversold conditions. Recently, trading volume has decreased, with trading volume down from the previous hours, and prices rising while trading volume decreases: upward momentum is weakening.

Weakening upward momentum may lead to a pullback or sideways movement; it is advisable to wait and see, paying attention to changes in volume and price as well as new buying interest.

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