BOSS Wallet data source, Cardano (ADA) current price is $0.8723, with a rise of 2.01%, trading volume at $781 million.

The candlestick chart shows a downward trend. Compared to 23:00, there is a significant rise, and a recovery from 17:00, breaking through the high point of 16:00. When the price rises while trading volume declines, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may either retrace or consolidate sideways. Due to the lack of volume support, it is difficult for price increases to sustain, and there is a need to be vigilant about the risk of a pullback from high levels. Investors should pay attention to whether trading volume can accompany price increases and whether new buying pressure is entering the market.
In a downward trend, trading volume decreases while prices rise. The Williams indicator shows that there is currently no overbought or oversold condition. Recently, trading volume has decreased, lower than the previous hours, and while prices rise, trading volume declines: upward momentum is weakening.

Upward momentum is weakening, it is recommended to watch and pay attention to changes in trading volume and the situation of new buying pressure, and be vigilant about the risk of pullbacks from high levels.

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