BOSS Wallet data source, the latest price news for Cardano (ADA), the real-time price of ADA has risen by 3.52% to $0.9834, with a trading volume of $1.075 billion

According to the analysis of the candlestick chart, the current trend is upward. Compared to 23:00, there has been a significant increase, recovering from 19:00, and breaking through the high point of 00:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
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 volume support, price increases may be difficult to sustain, and investors should be cautious of the risk of price declines at high levels.
It is advisable to pay attention to whether the trading volume can keep up with the price increase, and whether there are new buyers entering. The market is quiet, and prices are rising. According to the Williams indicator, the current market is neither overbought nor oversold. Recently, trading volume has decreased, trading volume has reduced compared to the previous few hours, with price rising and volume declining: upward momentum is weakening.

Upward momentum is weakening, it is advisable to enter the market cautiously and pay attention to changes in trading volume. If there is no improvement, consider taking profits.

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