BOSS Wallet data source, latest price news for Cardano (ADA), the real-time price of ADA has risen by 2.06% to $1.2098, with a trading volume of $5.454 billion

From the analysis of the candlestick chart, the current trend is volatile. Compared to 13:00, there has been a significant increase, and a recovery from 08:00, breaking through the 14:00 high. When prices rise while trading volume decreases, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This divergence phenomenon between volume and price is often due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of volume support, it is difficult for price increases to sustain, and caution should be exercised regarding the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buying interest enters the market.
Decreasing volume with rising prices. Based on the Williams indicator, the current state is overbought. Recent trading volume has decreased, with volume lower than in previous hours while prices have risen: upward momentum is weakening.
Upward momentum is weakening, or a pullback may be imminent. It is recommended that investors remain on the sidelines and pay attention to changes in trading volume.

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