Source of BOSS Wallet data, real-time price of Cardano ADA. The latest price of Cardano ADA today is $0.5774, an increase of 3.51%, and the transaction volume is $2.003 billion.
According to the candlestick chart, the current trend is downward. It has risen significantly compared to 17:00, rebounded compared to 11:00, and broke through the high point of 18:00. Rising prices but falling trading volume usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to 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 market state 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, it is recommended to remain on the sidelines and pay attention to trading volume and new buying.
The above content is for reference only and does not constitute investment advice.