BOSS Wallet data source, ChainLink today's price trend, LINK latest price has broken to $22.32, an increase of 2.01%, trading volume $6.991 billion

From the research results of the candlestick chart, it shows that there is currently a fluctuating trend. Compared to 16:00, there is a slight increase; compared to 15:00, there is a slight decrease; compared to 08:00, there is a rebound; compared to 09:00, there is a decline. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price increase to sustain. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with the price increase, as well as whether new buying pressure emerges.
Trading volume has decreased while the price has increased. The Williams indicator indicates that it is currently an overbought period. Recently, trading volume has decreased, and volume has dropped compared to the previous few hours, with the price rising and volume declining: upward momentum is weakening.
Upward momentum is weakening, or facing a pullback. It is recommended to wait and watch, paying attention to changes in trading volume and new buying pressure.

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