BOSS Wallet data source, latest price news for Optimism, OP real-time price increased by 3.05% to $1.791, trading volume $201 million

According to the candlestick chart analysis, it is currently in a volatile trend. Compared to 10:00, it has increased significantly, rebounding from 09:00, and breaking through the high of 11:00. When the price rises while trading volume decreases, it usually indicates that the market's upward momentum is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of volume support, it is difficult for price increases to sustain, and caution should be taken regarding the risk of a high-level pullback. Investors should pay attention to whether the trading volume can accompany the price rise, as well as whether new buying pressure enters the market.
In a volatile trend, trading volume decreases while the price rises. Based on the Williams indicator, the current market condition is overbought. Recently, trading volume has decreased, with trading volume lower than in previous hours, while the price rises and trading volume declines: upward momentum is weakening.

The market's upward momentum is weakening, and it is advised to remain cautious and watch for high-level pullback risks.

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