BOSS Wallet data source, latest price news from Arbitrum, ARB real-time price rises 3.02% to $0.7397, trading volume $256 million

According to the analysis of the K-line chart, there is currently an upward trend. Compared to a significant drop at 18:00, there is a recovery compared to 12:00. The price is rising but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
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 a lack of trading volume support, price increases may be difficult to sustain, and investors should be cautious of the risk of price retracement at high levels.
It is recommended to pay attention to whether trading volume can keep up with price increases and whether new buying interest is coming in. Trading volume has decreased compared to previous days, with prices rising and trading volume dropping: upward momentum is weakening. The Williams indicator suggests that it is now overbought. Recently, trading volume has decreased, with trading volume dropping compared to the previous few hours while prices rise: upward momentum is weakening.

Upward momentum is weakening, it is recommended to reduce positions and wait for market clarity, paying attention to changes in trading volume and the situation of new buying interest.

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