BOSS Wallet data source, ChainLink today's price trend, LINK's latest price has broken through to $21.82, with an increase of 2.01%, trading volume $755 million

By studying the K-line chart, it is currently in a consolidation trend. Compared to 12:00, there has been a significant increase, and it has rebounded compared to 07:00, breaking through the high point of 09:00. Prices are rising but trading volume is decreasing, which usually indicates that the upward momentum in 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 prices to continue rising. Investors need to be wary of the risk of a high position retreat and pay attention to whether trading volume can keep up with price increases, as well as whether there is new buying interest.
Trading volume is decreasing while prices are rising. The Williams indicator shows that the current state is neither overbought nor oversold. Recent trading volume has decreased, with trading volume down compared to the previous few hours, while prices are rising and trading volume is decreasing: upward momentum is weakening.

Upward momentum is weakening, it is advisable to wait and see, focus on trading volume and new buying interest, and be wary of the risk of a high position retreat.

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