BOSS Wallet data source, Ordinals today's market news, ORDI latest price: $24.07, 24-hour drop -5.866%, trading volume $184 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 22:00, there is a significant increase, a recovery from 17:00, but a decline from 15:00. The price is rising but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be cautious of the risk of price retracement at high levels.
It is recommended to pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. In a consolidation trend, trading volume decreases while prices rise. The Williams indicator suggests that there is currently no overbought or oversold condition. Recently, trading volume has decreased, trading volume has dropped compared to previous hours, and prices are rising while trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to observe and pay attention to changes in trading volume, and be wary of the risk of price retracement.

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