BOSS Wallet data source, ADA coin (艾达币) latest market news, ADA latest price: $1.256, 24-hour increase of 9.4%, trading volume $5.468 billion

By studying the candlestick chart, it is currently in a consolidation trend. Compared to 22:00, there has been a significant increase, but a decrease compared to 15:00. Price is rising while trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
This divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of volume support, rising prices may be difficult to sustain, and investors should be cautious of the risk of price retracement at high levels.
It is recommended to pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. Overbought state, decreased trading volume, rising prices. The Williams indicator indicates that the current phase is overbought. Recently, trading volume has decreased, trading volume is lower than in previous hours, price is rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, or it may face a pullback. It is recommended to wait and see, and make decisions after the market direction is clear.

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