BOSS Wallet data source, Ordinals today's price trend, ORDI latest price has broken through to $41.77, an increase of 3.57%, trading volume $289 million

By observing the candlestick chart, it is currently in a consolidation trend. Compared to 12:00, there has been a significant increase, a recovery compared to 06:00, and it has surpassed the high point of 13:00. Prices are rising but trading volume is decreasing, which usually indicates that market upward momentum is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, which is considered a 'volume-less rise'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, price increases may be difficult to sustain, and one should be cautious of the risk of price retreating from high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there are new buyers entering the market. In a consolidation trend, trading volume decreases while prices rise. The Williams indicator shows that the current market state is neither overbought nor oversold.
Recently, trading volume has decreased, with trading volume lower than in previous hours, prices rising, and trading volume declining: upward momentum is weakening.
Market upward momentum is weakening; it is recommended to remain cautious and pay attention to changes in trading volume and new buying activity.

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