BOSS Wallet data source, Optimism real-time price quotes, OP's latest price today reached $1.964, with an increase of up to 3.04%, trading volume $324 million

According to the analysis results of the K-line chart, it is currently in a consolidation trend. Compared to 21:00, it has risen significantly, rebounding from 20:00, and declining from 14:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This volume-price divergence phenomenon may be due to a lack of selling pressure. In this case, future prices may see a correction or sideways consolidation because the lack of trading volume support makes it difficult for prices to continue rising. Investors should be wary of the risk of a pullback from high levels and pay attention to whether trading volume can keep up with price increases and whether new buying interest emerges.
Market heat is low, and trading volume is decreasing. The Williams indicator indicates that it is currently neither overbought nor oversold. Recent trading volume has decreased, with trading volume down from previous hours, while prices have risen and trading volume has decreased: upward momentum is weakening.
Upward momentum is weakening, and a correction or sideways movement may occur. It is advisable to operate cautiously and pay attention to changes in trading volume and new buying interest.


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