BOSS Wallet data source, Arbitrum today's market news, latest ARB price: $0.7467, 24-hour drop -1.191%, trading volume $330 million

According to the analysis results of the K-line chart, it is currently in a downward trend. Compared to 14:00, there has been a significant increase, a recovery compared to 13:00, and a decline compared to 07:00. The price is falling but trading volume is rising, which usually indicates increasing selling pressure, with sellers actively offloading.
This may be due to the market's pessimistic attitude toward future prices or panic selling triggered by negative news. In this case, future prices may continue to fall, as selling pressure is high and market sentiment is low.
Investors need to pay attention to whether the price will fall below key support levels. If the support level is broken, it may lead to a larger decline. The market is in a downward trend and is oversold, with increasing trading volume indicating market activity. The Williams indicator shows that it is currently in an oversold phase.
Recently, trading volume has increased, with trading volume rising compared to the previous few hours, while prices are falling: selling pressure is increasing.
The market is rising but selling pressure is increasing; it is advisable to operate cautiously and pay attention to market trends and support levels.

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