BOSS Wallet data source, ChainLink real-time price index, LINK's latest price today reached $20.37, with an increase of 2.00%, and a trading volume of $537 million.

According to the analysis of the candlestick chart, it is currently in a consolidation trend. It has risen significantly compared to 11:00 and has recovered from 09:00, breaking through the high point of 12:00. When the price rises but the 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 often caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation due to the lack of support from trading volume, making it difficult for prices to sustain upward movement. Investors should be cautious of the risk of price pullback at high levels and pay attention to whether trading volume can keep up with the price rise, as well as whether new buying interest emerges.
Overbought condition, decreasing trading volume, rising prices. According to the Williams indicator, it is currently overbought. Recent trading volume has decreased, with trading volume lower than in previous hours, and prices are rising while volume is declining: upward momentum is weakening.

The market's upward momentum is weakening, it is recommended to wait and observe for a clearer direction, and be cautious of the risk of price pullback.

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