BOSS Wallet data source, latest price news of ADA (Cardano), ADA real-time price rises 2.01% to $1.1038, trading volume $2.572 billion

From the analysis of the candlestick chart, it is understood that the current trend is oscillating. Compared to the significant drop at 22:00, breaking below the low at 23:00, there is a decrease from 20:00. Prices are falling but trading volume is rising, which usually indicates increased selling pressure, with sellers actively offloading.
This may be due to the market's pessimistic attitude towards future prices, or triggered by negative news leading to panic selling. In this case, future prices may continue to fall due to significant selling pressure and low market sentiment.
Investors need to pay attention to whether the price will break below key support levels. If the support level is lost, it may lead to a larger decline. In an oscillating trend, trading volume increases while prices decrease. According to the Williams indicator, the current situation is that there is no overbought or oversold condition.
Recently, trading volume has increased, with volume rising compared to the previous few hours, while prices are falling: selling pressure is increasing.
The rise may be due to fluctuations in market sentiment; it is recommended to continue observing and focus on key support levels.

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