BOSS Wallet data source, Ordinals today's market news, ORDI latest price: $27.24, 24-hour increase 2.638%, trading volume $106 million

From the candlestick chart, it can be seen that it is currently in a consolidation trend. Slightly up compared to 14:00, slightly down compared to 15:00, and has decreased compared to 12:00. Price is declining but trading volume is increasing, which usually indicates increased selling pressure, with sellers actively offloading.
This may be due to the market holding a pessimistic outlook on future prices, or negative news triggering panic selling. In this case, future prices may continue to decline as selling pressure is high and market sentiment is pessimistic. Investors should be cautious of whether the price will break through key support levels; if the support level is breached, it may lead to a larger decline.
Trading volume is rising, prices are falling, and selling pressure is significant. The Williams indicator shows that it is currently in an oversold state. Recently, trading volume has increased, with volume rising compared to a few hours ago, while prices are declining: selling pressure is increasing.

The increase may be a short-term rebound, but selling pressure remains. It is advised to operate cautiously, monitor support levels, and set stop-loss orders in a timely manner.

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