BOSS Wallet data source, ChainLink latest price news, LINK real-time price increased by 3.54% to $19.89, trading volume $718 million

From the analysis of the candlestick chart, it is evident that we are currently in a consolidation trend. Compared to 23:00, there is a significant increase, a recovery from 20:00, and a decrease from 16:00. 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 sell orders. In this context, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be cautious of the risk of price pullbacks at high levels and pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest.
Trading volume decreases, price increases. According to the Williams indicator, the current market is neither overbought nor oversold. Recently, trading volume has decreased, with volume reduced compared to the previous few hours, price rising, and volume declining: upward momentum is weakening.

The market's upward momentum is weakening, it is advised to remain cautious and be aware of the risk of price pullbacks.

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