Gate.io Latest Evening Report: ADA price reaches $1.2098 per coin, with a daily increase of 2.06%.

BOSS Wallet data source, the latest price information for ADA Cardano, ADA Cardano real-time price pump 2.06% to $1.2098, volume $5.454 billion.

From the analysis of the candlestick chart, the current trend is oscillating. Compared to a significant pump at 13:00, it has rebounded compared to 08:00 and broke through the high point at 14:00. When the price rises and the volume decreases, it usually means that the market's pump momentum weakens and the number of buyers decreases. This volume-price divergence phenomenon is usually due to a lack of selling pressure. In this case, the future price may pullback or trade sideways. Due to the lack of volume support, the price pump is difficult to sustain, and investors should be alert to the risk of a high-level pullback. Investors should follow the volume to see if it can match the price pump and if there are new buyers entering the market. The volume decreases, and the price rises. According to the Williams indicator, it is currently overbought. The volume has decreased recently, with less volume compared to the previous few hours. As the price rises and the volume decreases, the pumping momentum weakens. The upward momentum is weakening, and a pullback may be faced. It is recommended that investors remain cautious and follow the changes in volume.

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