BOSS Wallet data source, Ordinals today's market news, ORDI latest price: $45.42, 24-hour increase 9.79%, trading volume $326 million

After analyzing the K-line chart, it was found that it is currently in a volatile trend. It has risen significantly compared to 14:00, and has rebounded from 10:00, breaking through the high point of 07:00. When the price rises while the trading volume decreases, it usually indicates that the market's upward momentum is weakening and the number of buyers is reducing.
This phenomenon of divergence between volume and price is usually due to a lack of sell orders. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to maintain their upward trend, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buying interest enters the market.
Market activity is low, and trading volume is decreasing. The Williams indicator shows that the current status is overbought. Recently, trading volume has decreased, with volume lower than in previous hours, while prices rise and trading volume falls: upward momentum is weakening.
Upward momentum is weakening, be cautious of the risk of a high-level pullback, it is recommended to operate cautiously and pay attention to changes in trading volume.

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