BOSS Wallet data source, real-time price of ADA coin, the latest price of ADA reached $1.0879 today, with an increase of 3.50%, trading volume of $2.216 billion

According to the K-line chart analysis, it is currently in a volatile trend. Compared to 21:00, there has been a significant increase, a recovery compared to 18:00, but a decrease compared to 15:00. When the price rises but the trading volume decreases, it usually indicates that the market's upward momentum 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 context, future prices may experience a pullback or sideways consolidation due to the lack of support from trading volume, making it difficult for price increases to sustain. Investors should be wary of the risk of price retreats at high levels and pay attention to whether trading volume can keep up with price increases and whether there is new buying interest.
Trading volume decreased, price increased. Judging by the Williams indicator, it is currently in a state of no overbought or oversold. Recently, trading volume has decreased, with a reduction in volume compared to the previous few hours, while the price has risen and trading volume has dropped: upward momentum is weakening.

Market upward momentum is weakening, it is advised to stay cautious and pay attention to trading volume and new buying interest.

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