BOSS Wallet data source, latest price news of Ada (Cardano), ADA real-time price rises 3.54% to $1.2614, trading volume $5.468 billion

According to the analysis of the candlestick chart, there is currently a fluctuation trend. Compared to 22:00, there has been a significant increase, but a decline from 15:00. The price is rising, but the trading volume is decreasing, which usually indicates a 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 'volume-less rise'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and one should be cautious of the risk of price retracement at 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. In a fluctuation trend, with reduced trading volume and rising prices. The Williams indicator indicates that it is currently overbought. Recently, trading volume has decreased, with trading volume down compared to the previous few hours and price rising, while trading volume is decreasing: upward momentum is weakening.

Weakening upward momentum, it is recommended to observe, be cautious of high-level retracement risks, and pay attention to changes in trading volume and new buyer participation.

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