BOSS Wallet data source, ChainLink latest price news, LINK real-time price increased by 2.02% to $24.79, trading volume $1.339 billion
According to the analysis of the K-line chart, it is currently in a consolidation trend. Compared to 12:00, there has been a significant increase, a recovery from 07:00, breaking through the high point of 09:00. The price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This divergence between price and volume may be due to insufficient sell orders. In this case, future prices may correct or consolidate sideways. Due to a lack of volume support, it may be difficult for the price increase to sustain, and investors should be wary of the risk of price pullback at high levels.
It is recommended to observe whether the trading volume can keep up with the price increase and whether there is new buying interest. Overbought condition, reduced trading volume, rising prices. The Williams indicator indicates that it is currently overbought. Recently, trading volume has decreased, the volume is lower than in the previous few hours, prices are rising, and volume is declining: upward momentum is weakening.
The market's upward momentum is weakening, it is recommended to wait and see, and make decisions after the market direction is clear.
The above content is for reference only and does not constitute investment advice.