BOSS Wallet data source, Ordinals today's price trend, ORDI latest price broke through $41.69, an increase of 3.60%, trading volume $269 million

According to the K-line chart analysis, it is currently in a volatile trend. It has risen significantly compared to 13:00, rebounded compared to 10:00, and decreased compared to 07:00. The price rises but the trading volume decreases, which usually means that the momentum of the market rise is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may experience a pullback or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be alert to the risk of a pullback from highs and pay attention to whether trading volume can keep up with price increases and whether new buying appears.
Market activity is low, momentum is weakening. The Williams indicator shows that we are currently in a state without overbought or oversold conditions. Recent trading volume has decreased, trading volume is down compared to the previous few hours, prices are rising, and trading volume is declining: upward momentum is weakening.

Market upward momentum is weakening, it is advisable to remain cautious and pay attention to changes in volume and price as well as new buying interest, waiting for market sentiment to recover.

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