BOSS Wallet data source, Ordinals current price trend, ORDI latest price has surpassed $27.34, with an increase of 3.01%, trading volume $82.945 million

According to the analysis of the K-line chart, the current trend is oscillating. Compared to 21:00, there has been a significant rise; compared to 20:00, there has been a recovery; compared to 14:00, there has been a decline. When prices rise but trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between price and volume is usually due to a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be wary of the risk of price retreating from high levels and pay attention to whether trading volume can keep up with the price increase, as well as whether new buying interest emerges.
Market activity is low, and momentum is weakening. According to the Williams indicator, the current market is overbought. Recent trading volume has decreased, with trading volume declining compared to previous hours, while prices rise and trading volume falls: upward momentum is weakening.
Market upward momentum is weakening, it is advisable to remain cautious, monitor changes in trading volume, and wait for market sentiment to recover.

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