BOSS Wallet data source, ChainLink real-time price quotes, LINK's latest price today is $13.944, up 2.01%, with a transaction volume of $703 million
By observing the K-line chart, it is currently in a volatile trend. It fell sharply compared to 22:00, rebounded compared to 18:00, and fell compared to 21:00. Rising prices but falling trading volume usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. The trading volume decreases and the price rises. The Williams indicator indicates that it is currently overbought. The trading volume has decreased recently, and the trading volume is less than in the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.
The upward momentum has weakened, so it is recommended to wait and see, pay attention to trading volume and new buying, and be wary of the risk of falling back from highs.
The above content is for reference only and does not constitute investment advice.