BOSS Wallet data source, the real-time price of ADA (Cardano) is $1.2113, with a rise of 2.02%, and a trading volume of $4.959 billion.

Based on the analysis of the candlestick chart, it is currently in a consolidation trend with a significant increase compared to 12:00, a rebound compared to 08:00, and a decline compared to 05:00. Although the price is rising, the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered a 'volume-less rise.' In this case, there may be a correction or sideways consolidation in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and there is a need to be cautious of the risk of a price pullback at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether new buying interest is coming in. In a consolidation trend, trading volume decreases while the price rises. The Williams indicator shows that it is currently not overbought or oversold. Recently, trading volume has decreased, with trading volume lower than in previous hours, and while the price is rising, the trading volume is declining: upward momentum is weakening.

With weakening upward momentum, it is advised to remain cautious, focus on changes in trading volume, and be aware of the risk of price pullbacks.

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