BOSS Wallet data source, latest price news from Arbitrum, ARB real-time price increased by 3.02% to $1.0264, trading volume $1.029 billion

By observing the candlestick chart, it is currently in an upward trend. Compared to 17:00, it has increased slightly, recovered compared to 10:00, and decreased compared to 15:00. When the price rises while 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 selling pressure. In this case, future prices may correct or consolidate. Due to the lack of volume support, it is difficult for the price to sustain its rise, and there is a risk of a pullback from high levels. Investors should pay attention to whether the trading volume can accompany the price increase and whether new buying interest is entering the market.
Trading volume has decreased compared to previous days, with rising prices and declining volume: upward momentum is weakening. Based on the Williams indicator, it is currently considered overbought. Recently, trading volume has decreased, and with the volume lower than in previous hours, prices are rising while volume is decreasing: upward momentum is weakening.

The upward momentum is weakening, and it is suggested that investors reduce their positions and observe the subsequent market trends and changes in trading volume.

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