Source of BOSS Wallet data, today's price of Cardano ADA, the latest price of Cardano ADA broke through to $0.716, an increase of 2.05%, and the transaction volume was $1.956 billion
According to the candlestick chart analysis, it is now an upward trend. It has risen significantly compared to 20:00 and has fallen compared to 13:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may fall back or go sideways in the future, because the lack of trading volume support makes it difficult for price increases to continue. Investors need to be alert to the risk of a pullback from highs, and pay attention to whether trading volume can keep up with price increases and whether there is new buying intervention.
The trading volume is less than the previous few days, the price is rising, and the trading volume is falling: the upward momentum is weakening. The Williams indicator shows that it is currently overbought. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price is rising, and the trading volume is falling: the upward momentum is weakening.

The market's upward momentum has weakened. Investors are advised to reduce their positions and wait and see until the market becomes clearer.
The above content is for reference only and does not constitute investment advice.