BOSS Wallet data source, Arbitrum today's price trend, the latest ARB price has broken through to $1.0365, an increase of 3.56%, trading volume $1.112 billion

According to the analysis results of the candlestick chart, it is currently in an upward trend. Compared to 18:00, there is a significant increase, recovering from 11:00, breaking through the high of 15:00. The price is rising but trading volume is declining, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, considered as a 'no volume increase'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and there is a risk of price retreating from high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and if there are new buyers entering. Upward trend, declining trading volume, price rising. The Williams indicator indicates that it is currently overbought. Recently, trading volume has decreased, trading volume has reduced compared to previous hours, price is rising, trading volume is declining: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to appropriately reduce positions and pay attention to subsequent trading volume and new buying conditions.

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