BOSS Wallet data source, Arbitrum real-time price market, the latest ARB price today has reached $0.8903, with a rise of 3.02%, and a trading volume of $484 million.

By analyzing the candlestick chart, it is currently an upward trend. Compared to 16:00, it has risen slightly, compared to 15:00, it has dropped slightly, and compared to 10:00, it has rebounded somewhat, but has decreased compared to 12:00. The price is rising but the trading volume is declining, which usually indicates a weakening of the market's upward momentum and a reduction in the number of buyers.
This phenomenon of divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price retracement at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price rise, and whether there is new buying interest. Recently, trading volume has decreased, and the momentum of price increases has weakened. The Williams indicator shows that it is currently in an overbought condition. Recently, trading volume has decreased, trading volume compared to previous hours has reduced, with price rising and trading volume declining: upward momentum is weakening.

Upward momentum is weakening, overbought and with divergence between price and volume, it is recommended to reduce positions or wait and see to guard against retracement risks.

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