BOSS Wallet data source, Arbitrum real-time price quotes, ARB's latest price today reached $0.9171, with a rise of 3.01%, and a trading volume of $484 million

Based on candlestick chart analysis, it is currently an upward trend. Compared to 19:00, there has been a significant increase, and it has recovered from 13:00, breaking through the high point of 20:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of volume-price divergence 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, the price increase 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 increase and whether there are new buyers entering. Upward trend, overbought, recent trading volume has decreased, price is rising, trading volume is declining: upward momentum is weakening. According to the Williams Indicator, the current market state is overbought.
Recent trading volume has decreased, trading volume is down compared to the previous few hours, price is rising, trading volume is declining: upward momentum is weakening.
The market is overbought, upward momentum is weakening, it is recommended that investors operate cautiously to avoid chasing high prices.

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