BOSS Wallet data source, Cardano's latest price news, ADA's real-time price rises by 2.06% to $1.2098, trading volume $5.454 billion

From the analysis of the candlestick chart, it is currently in a consolidation trend. Compared to 13:00, it has risen significantly, has rebounded from 08:00, and has broken through the high point of 14:00. When the price rises and trading volume decreases, it usually indicates that the upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate. Due to the lack of trading volume support, price increases are difficult to sustain, and there is a risk of a pullback from high levels. Investors should pay attention to whether the trading volume can accompany the price increase and whether new buying pressure enters the market.
Trading volume decreases while the price rises. According to the Williams indicator, it is currently in an overbought situation. Recently, trading volume has decreased, and the volume has reduced compared to the previous few hours, with the price rising and trading volume declining: upward momentum is weakening.
Upward momentum is weakening, or a correction may be faced; investors are advised to remain on the sidelines and pay attention to changes in trading volume.

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