BOSS Wallet data source, Optimism real-time price information, the latest price of OP today reached $1.964, with an increase of up to 3.04%, trading volume $324 million

According to the K-line chart analysis results, it is currently in a consolidation trend. Compared to 21:00, it has significantly risen, compared to 20:00 it has rebounded, and compared to 14:00 it has declined. The price is rising but the trading volume is declining, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to be sustained. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with the price increase and whether new buying interest is entering.
Market enthusiasm is low, and trading volume is decreasing. The Williams indicator indicates that it is currently not overbought or oversold. Recently, trading volume has decreased, with volume declining compared to previous hours, while prices have risen, leading to weakened upward momentum.
Upward momentum is weakening, and a pullback or sideways movement may occur. It is recommended to operate cautiously 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.