BOSS Wallet data source, ChainLink today's market news, LINK latest price: $22.8, 24-hour increase 22.12%, trading volume $6.993 billion

From the analysis of the candlestick chart, it is currently in a volatile trend. Compared to 16:00, it has slightly increased, compared to 15:00, it has slightly decreased, has rebounded compared to 08:00, and has decreased compared to 09:00. When the price rises while 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 volume-price divergence is usually due to a lack of sell orders. 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 an upward trend, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buying orders are entering the market.
In a volatile trend, trading volume decreases while prices rise. According to the Williams indicator, it is now in an overbought state. Recently, trading volume has decreased, trading volume is down compared to the previous hours, and prices are rising while trading volume is declining: upward momentum is weakening.

Volume-price divergence, weakening upward momentum, it is recommended to wait and be cautious of high-level pullback risks.

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