BOSS Wallet data source, Ordinals today's market news, ORDI latest price: $28, 24-hour increase of 6.87%, trading volume $122 million

From the candlestick chart, it can be seen that the current trend is oscillating. Compared to 10:00, there has been a significant increase, but a decrease compared to 05:00. Prices are rising but trading volume is decreasing, which usually indicates weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of volume-price divergence may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation due to a lack of volume support, making it difficult for price increases to be sustained. Investors should be wary of the risk of a high-level retreat and monitor whether trading volume can keep up with price increases and whether new buying pressure emerges.
In an oscillating trend, trading volume decreases while prices rise. The Williams indicator shows that now is not a time of overbought or oversold conditions. Recently, trading volume has decreased, with volume lower than in previous hours while prices have risen, indicating weakening upward momentum.

Volume-price divergence, weakening upward momentum, it is advised to stay cautious and be wary of the risk of a high-level retreat.

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