BOSS Wallet data source, latest price news for ADA Cardano, the real-time price of ADA has risen by 3.79% to $1.146, trading volume $1.707 billion

According to the analysis of the candlestick chart, it is currently in a consolidation trend. Slightly up compared to 18:00, slightly down compared to 19:00, and rebounded compared to 17:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of volume support, it may be difficult for the price to maintain its upward trend, and investors should be cautious of the risk of a price pullback at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. In a consolidation trend, trading volume decreases while prices rise. The Williams indicator indicates that it is currently overbought. Recently, trading volume has decreased, with volume lower than in previous hours, and with rising prices and declining volume: upward momentum is weakening.

With weakening upward momentum, it is advisable to wait and watch, be cautious of the risk of price pullback, and pay attention to changes in trading volume and new buying interest.

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