BOSS Wallet data source, Arbitrum today price trend, ARB latest price breaks to $1.0365, an increase of 3.56%, trading volume $1.112 billion

From the analysis result of the K-line chart, it is now in an upward trend. Compared to 18:00, there has been a significant increase, and a recovery compared to 11:00, breaking through the high point of 15:00. Prices are rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered a 'non-volume rise.' In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price rise may be difficult to sustain, and caution is needed regarding the risk of price retreating from high levels.
Investors should pay attention to whether the trading volume can keep up with the price rise and whether there is new buying interest. Upward trend, decreasing trading volume, rising prices. The Williams indicator indicates that it is currently overbought. Recently, trading volume has decreased, trading volume has decreased compared to previous hours, prices are rising, and trading volume is decreasing: upward momentum is weakening.

The market's upward momentum is weakening, it is recommended to appropriately reduce positions and pay attention to subsequent trading volume and new buying situations.

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