BOSS Wallet data source, Optimism latest price news, OP real-time price rose 3.52% to $1.882, transaction volume $296 million

According to the K-line chart analysis, it is now a volatile trend. Compared with 14:00, it fell sharply, breaking through the low point of 15:00, and fell slightly compared with 09:00. When the price falls and the trading volume rises, it usually means that the selling pressure in the market increases and sellers are actively selling.
This situation may be because the market's expectations for future prices have become pessimistic, or it may be affected by some negative news, leading to panic selling. Prices may continue to fall in the future because of heavy selling pressure and pessimistic market sentiment.
Investors should be wary of whether the price will break below key support levels. If the support level is breached, it may trigger a larger decline. Price declines, selling pressure increases. The Williams indicator shows that the current state is neither overbought nor oversold.
Recently, trading volume has increased, with volume rising compared to the previous few hours. Price is declining while volume is increasing: selling pressure is increasing.
Market sentiment remains pessimistic, and any rise may be a short-term fluctuation. It is advisable to hold positions cautiously and pay attention to key support levels.

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