BOSS Wallet data source, today's market news for Ordinals, latest ORDI price: $26.54, 24-hour increase of 0.075%, trading volume $85,138,200

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 12:00, there has been a significant increase, and it has recovered compared to 07:00, breaking through the high of 09:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening of upward momentum in the market and a decrease in the number of buyers.
This phenomenon of divergence between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for the price increase to be sustained. Investors should be cautious of the risk of a pullback from high levels and pay attention to whether the trading volume can keep up with the price increase and whether new buying pressure emerges.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, the current market is overbought. Recently, trading volume has decreased, with volume lower than in the previous few hours, while the price is rising and the volume is declining: upward momentum is weakening.
Market upward momentum is weakening, and cautious operations are recommended, paying attention to changes in trading volume and the situation of new buying pressure.

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