Source of BOSS Wallet data, Cardano market news today, ADA latest price: $0.7679, up 31.85% in 24 hours, transaction volume $1.956 billion
By observing the K-line chart, it is currently in an upward trend. It has risen significantly compared to 12:00, rebounded compared to 08:00, and declined compared to 10:00. When prices rise and trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually due to a lack of selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases are difficult to sustain, and we need to be alert to the risk of a pullback from highs. Investors should pay attention to whether trading volume can match price increases and whether there are new buy orders entering the market.
Upward trend, volume decreases, price increases. According to Williams indicator, it is currently overbought. The volume has decreased recently, and the volume is less than in the previous hours. The price increases, and the volume decreases: the upward momentum is weakening.

The upward momentum has weakened, so be alert to the risk of falling back from highs. It is recommended to remain cautious and reduce positions appropriately.
The above content is for reference only and does not constitute investment advice.