BOSS Wallet data source, ChainLink today's market news, LINK latest price: $21.95, 24-hour increase 17.57%, trading volume $6.776 billion

From the analysis of the candlestick chart, the current trend is a consolidation trend. Compared to 14:00, there was a significant drop, a rebound compared to 08:00, and a decline compared to 09:00. The price is rising but trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This divergence phenomenon in volume and price may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it may be difficult for the price to sustain its rise, and investors should be cautious of the risk of a price retracement at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price rise and whether new buying pressure is coming in. Market activity is low, and momentum is weakening. According to the Williams indicator, it is currently overbought. Recently, trading volume has decreased, with volume down compared to the previous few hours, while price rises and volume decreases: upward momentum is weakening.

The market's upward momentum is weakening, and it is advisable to remain cautious, monitor volume changes, and be wary of the risk of price retracement.

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