BOSS Wallet data source, Ordinals today's price trend, ORDI latest price has reached $28.74, an increase of 3.60%, trading volume $96,191,200

According to the candlestick chart analysis, it is currently in a volatile trend. Compared to 10:00, there has been a significant decline, a recovery compared to 06:00, and a decrease compared to 04:00. Prices are rising but trading volume is declining, which usually indicates weakening upward momentum in the market and a reduction in the number of buyers.
This phenomenon of divergence between price and volume may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to persist. Investors should be wary of the risk of a pullback from high levels and monitor whether trading volume can keep up with price increases, as well as whether there is new buying interest.
Market activity is low, momentum is weakening. The Williams indicator shows that the current state is overbought. Recent trading volume has decreased, trading volume is lower than in the previous few hours, prices are rising, and trading volume is declining: upward momentum is weakening.
Upward momentum is weakening, be cautious of a pullback from high levels, it is advisable to remain prudent and pay attention to market sentiment and changes in trading volume.

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