BOSS Wallet data source, Ordinals today's price trend, ORDI latest price breaks to $26.96, up 3.61%, trading volume $8396.48 million

From the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 15:00, it has slightly increased; compared to 14:00, it has slightly decreased; and it has rebounded compared to 07:00. Prices are rising but trading volume is decreasing, which usually indicates weakened upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, considered a 'volume-less rise'. In this case, future prices may experience a correction or sideways consolidation. Due to the lack of trading volume support, price increases may be difficult to sustain, and caution should be exercised regarding the risk of price pullbacks at high levels.
Investors should pay attention to whether trading volume can keep up with price increases and whether there is new buying interest. Market activity is low, and momentum is weakening. The Williams indicator indicates that the current state is overbought. Recent trading volume has decreased, trading volume has decreased compared to the previous few hours, prices are rising, and trading volume is declining: upward momentum is weakening.

The market's upward momentum is weakening; it is recommended to be cautious and observe, paying attention to trading volume and new buying situations.

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