BOSS Wallet data source, Arbitrum today's market news, ARB latest price: $0.7519, up 30.61% in 24 hours, transaction volume $491 million
According to the candlestick chart analysis, the current trend is upward. It has risen significantly compared to 16:00, rebounded compared to 15:00, and broke through the high point of 11:00. The simultaneous rise in price and trading volume usually points to strong buying support in the market.
Buyers are trading heavily at higher price levels, indicating that market sentiment is optimistic and bullish. Against this backdrop, prices are likely to continue to rise in the future as the market's momentum remains strong and buying continues to pour in.
Investors should focus on the breakthrough of key resistance levels. If the price can continue to break through and consolidate at a higher level, it indicates the continuation of the upward trend. Uptrend, overbought, recent increase in trading volume, trading volume is higher than in the past few days, price and volume are rising at the same time: trading is active and the upward momentum is strong.
Williams indicator shows that it is overbought now. The trading volume has increased recently, and the trading volume has increased compared with the previous hours. The price and trading volume are rising at the same time: trading is active and the upward momentum is strong.
The market has strong upward momentum and you can buy on dips, but you need to be aware of overbought risks and pay attention to trading volume and price changes.
The above content is for reference only and does not constitute investment advice.