BOSS Wallet data source, real-time price trend of Ordinals, the latest price of ORDI today reached $44.09, with a rise of 3.09%, trading volume of $296 million.

From the candlestick chart, it can be seen that it is currently in a fluctuating trend. Compared to 13:00, it has risen significantly, has rebounded compared to 10:00, and has decreased compared to 07:00. When the price rises but the trading volume decreases, it usually means that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or consolidation, as the lack of trading volume support makes it difficult for prices to continue rising. Investors should be alert to the risk of price retracement at high levels and pay attention to whether trading volume can keep up with the price increase, as well as whether new buying pressure will enter.
Trading volume is decreasing while prices are rising. According to the Williams indicator, it is currently in a state of neither overbought nor oversold. Recently, trading volume has decreased, with trading volume reducing compared to previous hours, and prices rising while trading volume declines: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to remain on the sidelines and pay attention to trading volume and new buying pressure.

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