BOSS Wallet data source, Ordinals today's price trend, ORDI latest price broke through $38.967, an increase of 3.53%, transaction volume $378 million
According to the analysis of the K-line chart, it is now in a volatile trend. It has risen significantly compared to 22:00, rebounded compared to 19:00, and broke through the high point of 23:00. When prices rise and trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually due to a lack of selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases are difficult to sustain, and we need to be alert to the risk of a pullback from highs. Investors should pay attention to whether trading volume can match price increases and whether there are new buy orders entering the market.
The market activity is low and the momentum is weakening. According to the Williams indicator, there is no overbought or oversold at present. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakening.

The upward momentum has weakened. It is recommended to wait and see cautiously, pay attention to changes in trading volume, and wait for market sentiment to recover.
The above content is for reference only and does not constitute investment advice.