Source of BOSS Wallet data, Cardano price today, ADA latest price breaks through to $1.2183, up 3.51%, trading volume $5.536 billion

By studying the K-line chart, it is now in a volatile trend. It has risen significantly compared to 22:00 and has fallen slightly compared to 15:00. The price has risen but the trading volume has fallen, which usually indicates that the market's upward momentum has weakened and the number of buyers has decreased.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. The trading volume decreases and the price rises. According to the Williams indicator, the current state is not overbought or oversold. The trading volume has decreased recently, and the trading volume is less than in the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The upward momentum has weakened, so it is recommended to remain on the sidelines and pay attention to changes in trading volume and new buying.

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