BOSS Wallet data source, Cardano ADA market news today, ADA latest price: $0.7718, up 32.52% in 24 hours, transaction volume $1.956 billion
According to the candlestick chart analysis, it is now an upward trend. Compared with 06:00, it fell sharply, breaking through the low point at 07:00, and fell slightly compared with 00:00. The price fell but the trading volume increased, which usually means that the selling pressure increased and the sellers were actively selling.
This may be due to the market being pessimistic about future prices, or due to panic selling caused by negative news. In this case, prices may continue to fall in the future due to strong selling pressure and low market sentiment.
Investors need to pay attention to whether the price will fall below the key support level. If the support level is lost, it may lead to a larger decline. The market is active, but the selling pressure is increasing. The Williams indicator shows that there is no overbought or oversold now. The trading volume has increased recently, and the trading volume has increased compared with the previous few hours. The price is falling and the trading volume is rising: the selling pressure is increasing.

The market is moving abnormally, and the rise may be affected by short-term factors. It is recommended to continue to wait and see until the trend becomes clear.
The above content is for reference only and does not constitute investment advice.