BOSS Wallet data source, ChainLink today's market news, LINK latest price: $18.77, 24-hour increase of 5.1%, trading volume $621 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. There is a significant increase compared to 11:00 and a decrease compared to 06:00. When both price and trading volume rise simultaneously, it usually indicates strong buyer support in the market. Buyers are willing to trade in large volumes at higher prices, indicating optimistic market sentiment and strong bullish feelings.
In this case, future prices may continue to rise because market momentum is strong and buying pressure continues to increase. Investors should pay attention to the breakout of key resistance levels; if prices can consistently break through and stabilize at higher levels, it indicates the continuation of the upward trend.
In a consolidation trend, trading volume increases, and price and trading volume rise in sync. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has increased, with volume higher than in the previous few hours, and price and trading volume rising together: trading is active, and upward momentum is strong.

Market sentiment is optimistic, the upward trend continues, it is recommended to appropriately increase positions and pay attention to the breakout of resistance levels.

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