BOSS Wallet data source, ChainLink latest price information, LINK real-time price increased by 2.05% to $17.91, trading volume $513 million

After studying the candlestick chart, it is currently in a consolidation trend. Compared to 07:00, there has been a significant increase, but a decrease compared to 02:00. When the price rises while trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This divergence between price and volume is often due to a lack of selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of volume support, it is difficult for the price to sustain its rise, and one should be cautious of the risk of a pullback from high levels. Investors should pay attention to whether the trading volume can accompany the price increase and whether new buyers are entering the market.
Decreased trading volume, rising prices. The Williams indicator indicates that there is currently no overbought or oversold condition. Recently, trading volume has decreased, with volume down compared to the previous few hours, while prices are rising and the volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to maintain a wait-and-see approach, and make decisions after the market direction is clear.

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