BOSS Wallet data source, the latest price news of Cardano, ADA real-time price rose by 2.00% to $0.9425, and the transaction volume was $1.4 billion

According to the K-line chart analysis results, it is currently in an upward trend. Compared with 11:00, it fell sharply, breaking through the low point at 12:00, and fell slightly compared to 07:00. When prices fall and trading volume rises, it often means that selling pressure is increasing and sellers are actively selling.
This situation may be due to the market's pessimistic expectations for future prices, or the impact of negative news, triggering panic selling. Prices may continue to fall in the future due to high selling pressure and pessimistic market sentiment. Investors should pay attention to whether prices will fall below key support levels. If the support level is broken, it may trigger a larger decline.
Trading volume increased, but prices fell, indicating increased selling pressure. According to the Williams indicator, it is currently neither overbought nor oversold. Recent trading volume has increased, with volume rising compared to the previous few hours, while prices are declining: increased selling pressure.

The rise may be a short-term fluctuation, selling pressure remains, it is advisable to continue observing and wait for the trend to become clear.

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