BOSS Wallet data source, Ordinals real-time price quotes, ORDI's latest price today is $38.9, up 3.16%, with a transaction volume of $412 million

From the analysis of the candlestick chart, it can be seen that the current trend is oscillating. It has risen significantly compared to 09:00, rebounded compared to 08:00, and fallen compared to 02:00. The price fell but the trading volume increased, which usually means that the selling pressure has intensified and the sellers are actively selling.
This may be due to the market being pessimistic about future prices, or due to panic selling caused by negative news. In this case, prices may continue to fall in the future due to strong selling pressure and low market sentiment.
Investors need to pay attention to whether the price will fall below the key support level. If the support level is lost, it may lead to a larger decline. The market is active and the price is moving downward. The Williams indicator points out that there is no overbought or oversold now. The trading volume has increased recently, and the trading volume has increased compared with the previous few hours. The price has fallen and the trading volume has increased: the selling pressure has increased.

The market has risen abnormally and selling pressure still exists. It is recommended to continue to reduce positions and pay attention to support levels.

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