BOSS Wallet data source, today's price trend of ADA (Cardano), the latest price of ADA has broken through to $1.2825, with an increase of 2.11%, trading volume $5.468 billion

Based on the candlestick chart analysis, it is currently in a consolidation trend. Compared to 22:00, there has been a significant increase, but a decrease compared to 15:00. Prices are rising but trading volume is declining, which usually indicates a weakening of the market's upward momentum and a decrease in the number of buyers.
This phenomenon of divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of support from trading volume, the price increase may be difficult to sustain, and investors should be cautious of the risk of price retracement at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering the market. In a consolidation trend, trading volume decreases while prices rise. According to the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, with trading volume lower than the previous few hours, and prices rising while trading volume declines: upward momentum is weakening.

Upward momentum is weakening, it is advised to wait and see, be cautious of the risk of price retracement, and monitor changes in trading volume.

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