BOSS Wallet data source, Ordinals today's price trend, ORDI latest price broke through $40.224, an increase of 3.01%, trading volume $378 million
From the analysis of the K-line chart, we know that the current trend is oscillating. It fell sharply compared to 18:00, rebounded compared to 16:00, and fell compared to 11:00. The price rose but the trading volume fell, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying. In a shock trend, the trading volume decreases and the price rises. According to the Williams indicator, there is no overbought or oversold at present. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The upward momentum has weakened and there is a lack of trading volume support. It is recommended to remain on the sidelines and pay attention to subsequent trends.
The above content is for reference only and does not constitute investment advice.