BOSS Wallet data source, Ordinals today's market news, ORDI latest price: $24.01, 24-hour drop -1.598%, trading volume $169 million

Analysis of the candlestick chart shows that it is currently in a consolidation trend, significantly up compared to 08:00, rebounding from 07:00, and declining from 01:00. Price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of volume support, it may be difficult for the price to sustain its rise, and investors should be cautious of the risk of price retracement at high levels.
It is recommended to pay attention to whether trading volume can keep up with the price increase and whether there are new buyers entering. Trading volume is decreasing while price is rising. According to the Williams indicator, it currently indicates neither overbought nor oversold. Recently, trading volume has decreased, with volume reduced compared to previous hours, price rising and volume declining: upward momentum is weakening.

Upward momentum is weakening; it is advised to remain cautious, monitor trading volume and new buying activity, and be wary of the risk of pullbacks at high levels.

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