BOSS Wallet data source, real-time price of Cardano (ADA) cryptocurrency, the latest price of ADA today is $1.2083, an increase of 2.01%, trading volume of $6.005 billion

From the analysis results of the candlestick chart, it is currently in a volatile trend. Compared to 16:00, it has dropped significantly, rebounded compared to 09:00, and decreased compared to 15:00. The price is rising but trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, which is considered a 'no-volume rise'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of support from trading volume, the price increase may be difficult to sustain, and one should be cautious of the risk of a price drop from high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. Trading volume is decreasing while prices are rising. The Williams indicator indicates that the current state is neither overbought nor oversold. Recently, trading volume has decreased, with volume down compared to the previous hours, and prices are rising while volume is falling: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to wait and see, and take action after trading volume increases or direction becomes clear.

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