BOSS Wallet data source, Ordinals today's market news, ORDI latest price: $24.65, 24-hour increase 1.817%, trading volume $167 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 14:00, it has risen significantly, has recovered compared to 07:00, and has decreased compared to 11:00. When the price rises and trading volume declines, it usually indicates 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 due to a lack of selling pressure. In this case, the future price may pull back or consolidate sideways. Due to the lack of trading volume support, it is difficult for the price to sustain its rise, so one must be wary of the risk of a high-level pullback. Investors should pay attention to whether trading volume can support the price increase and whether new buying pressure is entering the market.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, it is currently in an overbought condition. Recently, trading volume has decreased, with trading volume down compared to the previous few hours, while the price has risen, leading to a decrease in trading volume: upward momentum is weakening.
Market upward momentum is weakening, so it is advisable to operate cautiously, avoid entering blindly, and pay attention to subsequent trading volume and new buying pressure.

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