BOSS Wallet data source, the latest price news of Cardano ADA, the real-time price of Cardano ADA rose by 3.57% to $1.1004, and the transaction volume was $3.944 billion

It can be seen from the K-line chart that 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 prices fall and trading volume rises, it usually means that the selling pressure in the market has increased and sellers are actively selling.
This situation may be because the market's expectations for future prices have become pessimistic, or it may be affected by some negative news, leading to panic selling. Prices may continue to fall in the future because of heavy selling pressure and pessimistic market sentiment.
Investors should be alert to whether the price will fall below the key support level. If the support level is broken, it may trigger a larger decline. The price goes down and the selling pressure increases. According to the Williams indicator, it is currently oversold. The trading volume has increased recently. The trading volume is higher than the previous few hours. The price falls and the trading volume rises: the selling pressure increases.

Market sentiment remains pessimistic. It is recommended to hold positions cautiously and pay attention to key support levels. The Williams indicator can be used to determine whether it is oversold.

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