BOSS Wallet data source, Ordinals today's market news, ORDI latest price: $41.66, 24-hour increase of 3.64%, trading volume $289 million

According to the analysis of the K-line chart, it is currently in a volatile trend. Compared to 12:00, there has been a significant increase, recovering from 06:00 and breaking through the high point of 13:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening of the market's upward momentum and a decrease in the number of buyers.
This divergence phenomenon between price and volume 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, it may be difficult for the price increase to sustain, and investors should be wary of the risk of a price pullback at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. Market activity is low, and momentum is weakening. According to the Williams indicator, it is currently in a state of neither overbought nor oversold. Recent trading volume has decreased, with trading volume lower than in the previous few hours, price rising, and trading volume decreasing: upward momentum is weakening.

Upward momentum is weakening, it is advised to remain cautious, pay attention to changes in trading volume, and make decisions when market sentiment recovers.

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