BOSS Wallet data source, Arbitrum price today, ARB latest price breaks through $0.8152, up 3.10%, transaction volume $308 million

According to the analysis of the K-line chart, it is now in an upward trend. Compared with 11:00, it fell sharply, and it rebounded compared with 07:00. When the price rises and the trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually due to a lack of selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases are difficult to sustain, and we need to be alert to the risk of a pullback from highs. Investors should pay attention to whether trading volume can match price increases and whether there are new buy orders entering the market.
Upward trend, overbought, recent trading volume has decreased, prices are rising, trading volume is declining: upward momentum is weakening. According to the Williams indicator, it is currently overbought. Recent trading volume has decreased, trading volume has decreased compared to the previous few hours, prices are rising, trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, or facing a correction, investors are advised to be cautious when chasing highs and to pay attention to changes in trading volume.

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