Source of BOSS Wallet data, real-time price of Cardano ADA. The latest price of Cardano ADA today is $0.5671, up 2.01%, with a transaction volume of $2.003 billion.
From the analysis of the K-line chart, we know that the current trend is downward. Compared with 17:00, it has risen sharply, and it has rebounded compared with 11:00, breaking through the high point of 18:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
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. The Williams indicator shows that the current stage is not overbought or oversold. The trading volume has decreased recently, and the trading volume is less than 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 wait and see, paying attention to changes in trading volume and new buying.
The above content is for reference only and does not constitute investment advice.