BOSS Wallet data source, latest price news from Optimism, OP real-time price rises by 3.61% to $1.806, trading volume $170 million

According to the candlestick chart analysis, it is currently in a fluctuating trend. Compared to 15:00, it has significantly decreased, rebounding from 09:00 and decreasing from 13:00. The price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, considered a 'volume-less rise'. In this case, future prices may experience a pullback or consolidation. Due to the lack of support from trading volume, the price increase may be difficult to sustain, and there is a risk of price retracement at high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. Trading volume decreases while the price rises. The Williams indicator currently shows overbought conditions. Recent trading volume has decreased, with volume down compared to previous hours, while the price rises and volume declines: upward momentum weakens.

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

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