BOSS Wallet data source, Ordinals real-time price quotes, ORDI's latest price today is $28.94, up 3.14%, transaction volume $89.5623 million

According to the analysis of the K-line chart, it is now in a volatile trend. It is slightly higher than 13:00, slightly lower than 14:00, higher than 07:00, and lower than 11:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. In a volatile trend, trading volume decreases while the price rises. The Williams indicator shows that the current state is overbought. Recently, trading volume has decreased, with volume down compared to the previous few hours, while the price rises, leading to a decrease in trading volume: bullish momentum is weakening.

The market's upward momentum is weakening, and a pullback or consolidation may occur. It is recommended to stay on the sidelines and pay attention to changes in trading volume.

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