Source of BOSS Wallet data, real-time price of Cardano ADA. The latest price of Cardano ADA today is $1.0978, an increase of 2.05%, and the transaction volume is $3.944 billion.

According to the analysis of the K-line chart, the current trend is oscillating. It has risen significantly compared to 09:00, rebounded compared to 08:00, and fallen compared to 02:00. When the price falls but the trading volume rises, it usually means that the selling pressure is intensifying and the sellers are actively selling.
This may be due to the market being pessimistic about future prices, or due to panic selling caused by negative news. In this case, prices may continue to fall in the future due to strong selling pressure and low market sentiment.
Investors need to pay attention to whether the price will fall below the key support level. If the support level is lost, it may lead to a larger decline. Oversold state, active market, downward price. According to the Williams indicator, the current market state is oversold.
There has been an increase in trading volume recently, the volume is higher than in previous hours, the price is falling, and the volume is rising: selling pressure is increasing.
The market rose after being oversold, and selling pressure still exists. It is recommended to continue to reduce positions and pay attention to price trends and support levels.

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