BOSS Wallet data source, Arbitrum today's price trend, ARB latest price has risen to $0.7644, an increase of 3.01%, trading volume $475 million

From the analysis of the candlestick chart, it is clear that there is currently a downward trend. Compared to 13:00, there has been a slight increase, compared to 12:00, there has been a slight decrease, and there is a decline compared to 11:00. Prices are falling but trading volume is rising, which usually indicates increased selling pressure and active selling by sellers.
Such a situation may indicate that the market has a pessimistic outlook on future prices, or there may be negative news triggering panic selling. In this case, future prices may continue to decline due to heavy selling pressure and pessimistic market sentiment.
Investors should be cautious about whether the price will break through key support levels. If the support level is breached, it may trigger a larger decline. The market is hot, but prices are falling. The Williams indicator suggests that we are currently in a period with no overbought or oversold conditions.
Recently, trading volume has increased, with volume rising compared to the previous hours, prices are falling, and volume is increasing: selling pressure is increasing.
The market situation is complex, and investors are advised to operate cautiously, pay attention to key support levels, and avoid further losses.

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