BOSS Wallet data source, Ordinals today's price trend, ORDI latest price broke through $43.2, an increase of 3.62%, transaction volume $269 million

According to the analysis of the K-line chart, it is now in a volatile trend. It has risen significantly compared to 13:00, rebounded compared to 10:00, and decreased compared to 07:00. Rising prices but falling trading volume usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase, and whether there is new buying interest. Decreased trading volume with rising prices. According to the Williams indicator, the current state is neither overbought nor oversold. Recently, trading volume has decreased, with trading volume dropping compared to the past few hours while prices rise, indicating weaker upward momentum.

Weaker upward momentum suggests maintaining a wait-and-see approach, focusing on changes in trading volume, and being cautious of the risk of price retracement.

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