BOSS Wallet data source, latest price news for ADA Cardano, real-time price of ADA rises 2.03% to $1.1004, trading volume $1.158 billion

Based on candlestick chart analysis, it is currently in a consolidation trend. Compared to 13:00, there is a significant increase, breaking through the high point of 11:00. When the price rises and trading volume decreases, it usually indicates that the upward momentum in the market 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 sideways. Due to the lack of trading volume support, it is difficult for prices to sustain their upward trend, and caution should be exercised regarding the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
Trading volume decreases while the price rises. The Williams indicator indicates that it is currently in a phase of neither overbought nor oversold. Recently, trading volume has decreased, trading volume is lower than in previous hours, and while the price rises, trading volume declines: upward momentum is weakening.

The upward momentum of the market is weakening, it is recommended to observe, and pay attention to changes in trading volume and new buying conditions.

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