BOSS Wallet data source, Ordinals today's market news, ORDI latest price: $24.65, 24-hour increase 1.817%, trading volume $167 million

Based on the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 14:00, it has risen significantly, has rebounded compared to 07:00, and has declined compared to 11:00. When the price rises while trading volume decreases, it usually indicates a weakening of upward momentum and a decrease in the number of buyers.
This phenomenon of volume-price divergence is usually due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of trading volume support, it is difficult for price increases to be sustained, and one should be wary of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, it is currently in an overbought condition. Recent trading volume has decreased, and trading volume has dropped compared to the previous few hours, with price rising and volume decreasing: upward momentum is weakening.
The market's upward momentum is weakening, and it is advisable to operate cautiously, avoiding blind entry, and paying attention to subsequent trading volume and new purchases.

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