Source of BOSS Wallet data, Cardano market news today, ADA latest price: $0.7485, up 5.41% in 24 hours, transaction volume $1.956 billion
From the analysis of the K-line chart, we know that the current trend is upward. Compared with 13:00, it fell sharply, and it rebounded compared with 11:00. The price rose but the trading volume fell, 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 recent trading volume has decreased, and the price increase momentum has weakened. The Williams indicator shows that the current state is overbought. The recent trading volume has decreased, and the trading volume is less than the previous few hours. The price has risen, and the trading volume has decreased: the upward momentum has weakened.

The upward momentum has weakened, so be alert to the risk of a pullback. It is recommended to reduce positions or wait and see, and pay attention to changes in trading volume.
The above content is for reference only and does not constitute investment advice.