BOSS Wallet data source, Optimism real-time price quotes, the latest price of OP today reached $2.086, with an increase of up to 3.01%, trading volume $309 million

From the analysis of the candlestick chart, the current trend is fluctuating. Compared to 10:00, there is a slight increase, compared to 09:00, there is a slight decrease, there is a recovery compared to 04:00, and a decrease compared to 07:00. When the price rises but the trading volume decreases, it usually means that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or consolidation, as the lack of trading volume support makes it difficult for prices to continue rising. Investors should be cautious of the risk of price retracement at high levels and pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest.
Market activity is low and trading volume is decreasing. According to the Williams indicator, it is currently in an overbought condition. Recently, trading volume has decreased, trading volume has decreased compared to the previous few hours, prices have risen, and trading volume has decreased: upward momentum is weakening.
Upward momentum is weakening, market activity is low, it is recommended to operate cautiously and avoid blindly entering the market.

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