BOSS Wallet data source, Arbitrum today's price trend, ARB latest price has risen to $0.8205, an increase of 3.17%, trading volume $468 million

Analysis of the candlestick chart shows that it is currently in an upward trend, having risen significantly compared to 10:00, with a rebound from 07:00, breaking through the high of 05:00. When the price rises while trading volume decreases, it usually indicates weakening bullish momentum and a decrease in the number of buyers.
This divergence between volume and price is usually caused by a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of volume support, it is difficult for the price to sustain an increase, and one should be wary of the risk of a high position retracement. Investors should pay attention to whether the trading volume can support the price increase and whether new buyers are entering the market.
Decreased trading volume indicates weakening bullish momentum. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume down compared to the previous few hours, while the price rises and volume declines: bullish momentum is weakening.

Bullish momentum is weakening, it is advisable to operate cautiously and pay attention to the coordination of volume and price as well as the situation of new buyers.

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