BOSS Wallet data source, ChainLink today's price trend, LINK latest price breaks to $23.95, an increase of 3.55%, trading volume $620 million

By studying the K-line chart, it is currently in a consolidation trend. Compared to 18:00, there has been a significant increase, a rebound compared to 11:00, 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, and the number of buyers is decreasing.
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 due to the lack of support from trading volume, making it difficult for prices to sustain an upward trend. Investors should be cautious of the risk of price retracement at high levels and pay attention to whether trading volume can keep up with the price increase, as well as whether new buying interest emerges.
In a consolidation trend, trading volume decreases while prices rise. The Williams indicator shows that the current market is in overbought territory. Recently, trading volume has decreased, with volume reduced compared to previous hours, and prices rising while volume declines: upward momentum is weakening.

The market's upward momentum is weakening, it is recommended to remain cautious and vigilant about the risk of price retracement.

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