BOSS Wallet data source, ChainLink today's market news, LINK latest price: $20.78, 24-hour increase of 3.383%, trading volume $523 million

From the analysis of the candlestick chart, it is currently in a volatile trend. Compared to 14:00, there has been a significant increase, a recovery compared to 09:00, and a decline compared to 13:00. When the price rises but trading volume decreases, it usually indicates that the upward momentum in the market is weakening, with fewer buyers.
This phenomenon of divergence between volume and price is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume makes it difficult for the price to sustain an increase. Investors should be wary of the risk of price retreating from high levels and pay attention to whether trading volume can keep up with the price increase and whether new buying interest emerges.
In a volatile trend, trading volume decreases while the price rises. According to the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, with volume lower than in previous hours, and prices rising while volume falls: upward momentum is weakening.

Upward momentum is weakening, a pullback may occur, it is recommended to observe and pay attention to changes in trading volume.

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