The latest evening report from Gate.io: OP price reaches $1.882 per coin, with a 3.52% increase within the day.

BOSS Wallet data source, the latest price news from Optimism, OP real-time price pump 3.52% to $1.882, volume $2.96 billion

Based on the analysis of the candlestick chart, it is now in a oscillating trend. Compared to a sharp decline at 14:00, breaking through the low point of 15:00, it has decreased compared to 09:00. When the price falls and the volume increases, it usually means that the selling pressure in the market is increasing, and sellers are actively selling. This situation may be due to the market becoming pessimistic about future prices, or being influenced by some negative news, leading to panic selling. Future prices may continue to fall as there is significant selling pressure and the market sentiment is pessimistic. Investors should be alert to whether prices will fall below key support levels. If the support level is breached, it may trigger a larger decline. As prices fall, selling pressure increases. The Williams indicator shows that the current condition is neither overbought nor oversold. Recently, the volume has increased, with an increase in volume compared to the previous few hours, and the price has dropped. With the increase in volume: selling pressure has increased. Market sentiment remains bearish, pump may be short-term volatility, it is recommended to hold positions cautiously and pay attention to key support levels.

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