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ADA Ada Coin price reaches $0.9176 per coin, up 2.06% intraday

ADA Ada Coin price reaches $0.9176 per coin, up 2.06% intraday

Bitget2024/12/20 22:18

Latest price news for Ada Coin, ADA real-time price up 2.06% to $0.9176 with $2.872 billion traded Volume analysed by the k-chart shows that it is now trending upwards. It is slightly up compared to 16:00, slightly down compared to 17:00 and recovered from 09:00. A rise in price but a fall in trading volume usually means that the upward momentum of the market is weakening and the number of buyers is decreasing. This volume-price divergence may be due to a lack of selling. In this case, prices may retrace or move sideways in the future. Due to the lack of trading volume support, the price rise may be unsustainable and investors should be alert to the risk of a price pullback at higher levels. It is advisable to keep an eye on whether the trading volume can keep up with the price rise and whether there is new buying intervention. With the recent decrease in trading volume, the upward price momentum has weakened. According to the Williams indicator, it is now overbought. Recently trading volume has decreased, trading volume is lower than in the previous hours, price is rising and trading volume is falling: upward momentum is weakening. Upward momentum is weakening, volume and price divergence, it is recommended to reduce positions or wait and see, pay attention to the trading volume and new buy orders. The above is for reference only and does not constitute investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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