Source of BOSS Wallet data, real-time price of Cardano. The latest price of ADA today is $0.6847, up 3.51%, with a transaction volume of $1.956 billion.
As can be seen from the K-line chart, it is now in an upward trend. Compared with 09:00, it fell sharply and rebounded compared with 08:00. When the price and trading volume rise synchronously, it usually means that the market has strong buying support.
Buyers are actively trading at higher price levels, showing optimistic market sentiment and strong bullish sentiment. In this case, prices are likely to continue to rise in the future as market momentum is strong and buying continues to increase.
Investors should pay close attention to the breakthrough of key resistance levels. If the price can continue to break through and stabilize at a higher level, it will indicate the continuation of the upward trend. The market is in an upward trend and the trading volume has increased, indicating that the market is active.
Williams indicator points out that it is not overbought or oversold. The trading volume has increased recently, and the trading volume has increased compared with the previous few hours. The price and trading volume have risen at the same time: trading is active and the upward momentum is strong.
The market has strong upward momentum and can continue to be held, but attention should be paid to the sustainability of trading volume and be wary of the risk of a pullback.
The above content is for reference only and does not constitute investment advice.