BOSS Wallet data source, Cardano (ADA) today's market news, latest price of ADA: $1.2327, 24-hour increase of 16.12%, trading volume $6.034 billion

The candlestick chart shows that the current trend is oscillating. Slightly up compared to 18:00, slightly down compared to 17:00, rebounding compared to 10:00, and declining compared to 15:00. Prices are rising but trading volume is decreasing, which typically indicates weakening upward momentum in the market and a reduction in the number of buyers.
This phenomenon of volume-price divergence may be due to a lack of selling pressure. In this case, future prices may experience a pullback or range consolidation, as the lack of trading volume support makes it difficult for price increases to be sustained. Investors need to be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases and whether new buying interest emerges.
In an oscillating trend, trading volume is decreasing while prices are rising. According to the Williams indicator, it is currently in the overbought zone. Recently, trading volume has decreased, with a reduction compared to the previous hours, prices are rising while trading volume is declining: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to stay cautious and be aware of the risk of high-level pullbacks.

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