BOSS Wallet data source, latest price news for Cardano (ADA), the real-time price of ADA has risen by 2.10% to $1.156, trading volume $1.778 billion

Based on the analysis results of the candlestick chart, the market is currently in a consolidation trend. There is a slight increase compared to 18:00, a slight decrease compared to 19:00, and a recovery compared to 17:00. Prices are rising, but trading volume is decreasing, which usually indicates weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered a 'no-volume rise'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, it may be difficult for the price increase to sustain, so caution is needed regarding the risk of price retreating from high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering the market. Market activity is low, and momentum is weakening. The Williams indicator shows that the current market is in an overbought condition. Recently, trading volume has decreased, with trading volume lower than in previous hours, prices rising, and trading volume declining: upward momentum is weakening.

Market momentum is weakening, it is advisable to remain cautious, pay attention to changes in trading volume, and beware of the risk of price pullback.

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