BOSS Wallet data source, real-time price trend of Ordinals, the latest price of ORDI today reached $23.95, with an increase of up to 3.06%, trading volume $184 million

According to the candlestick chart analysis, it currently belongs to a volatile trend. Compared to 22:00, it has risen significantly, rebounding from 17:00 and declining from 15:00. Price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of volume support, the price increase may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is advisable to pay attention to whether trading volume can keep up with the price increase and whether there are new buyers entering the market. The market heat is low, and trading volume is decreasing. According to the Williams indicator, the current situation indicates no overbought or oversold conditions. Recently, trading volume has decreased, with volume down compared to previous hours, while prices are rising and volume is declining: upward momentum is weakening.

Upward momentum is weakening, with either a retracement or consolidation expected. It is recommended to operate cautiously and pay attention to changes in volume and price, as well as new buying interest.

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