BOSS Wallet data source, Ordinals today's market news, ORDI latest price: $26.54, 24-hour increase 0.075%, trading volume $85.1382 million

Based on the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 12:00, it has risen significantly, and it has rebounded compared to 07:00, breaking through the high of 09:00. The price is rising but trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be caused by a lack of sell orders. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price to continue rising. Investors should be cautious of the risk of a high position pullback and pay attention to whether the trading volume can keep up with the price increase, as well as whether there are new buy orders appearing.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, the current market is overbought. Recent trading volume has decreased, trading volume has reduced compared to the previous hours, price is rising, and trading volume is declining: upward momentum is weakening.
Market upward momentum is weakening, it is recommended to operate cautiously, and pay attention to changes in trading volume and new buy orders.

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