Source of BOSS Wallet data, Cardano market news today, ADA latest price: $0.8016, up 37.64% in 24 hours, transaction volume $1.956 billion
According to the K-line chart analysis results, the current trend is upward. It is slightly higher than 12:00, slightly lower than 11:00, higher than 08:00, and lower than 10:00. Rising prices but falling trading volume usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. The market is quiet and the price is rising. Judging from the Williams indicator, there is no overbought or oversold at present. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The upward momentum has weakened. It is recommended to observe with caution, pay attention to trading volume and new buying, and be alert to the risk of price decline.
The above content is for reference only and does not constitute investment advice.