BOSS Wallet data source, Arbitrum today's market news, ARB latest price: $0.7698, 24-hour drop -2.778%, trading volume $319 million

Based on the K-line chart analysis, it is currently in an upward trend. Compared to 23:00, it has risen significantly, rebounding from 17:00 and breaking through the high at 22:00. When prices rise while trading volume decreases, it usually indicates that market upward momentum is weakening and the number of buyers is decreasing.
This volume-price divergence phenomenon is usually due to a lack of selling. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, price increases are difficult to sustain, and caution is needed for the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
Upward trend, trading volume decreases, price rises. According to the Williams indicator, it is currently in the overbought zone. Recent trading volume has decreased, trading volume has reduced compared to previous hours, and price has risen while trading volume has fallen: upward momentum is weakening.
Upward momentum is weakening, be cautious of high-level pullbacks, it is advisable to remain cautious and appropriately reduce positions.

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