BOSS Wallet data source, ChainLink today's price trend, LINK latest price breaks to $21.86, up 2.01%, trading volume $5.72 billion

From the analysis of the candlestick chart, it is known that the current trend is volatile. Compared to a significant drop at 13:00, there has been a rebound compared to 08:00, and a decline compared to 09:00. When the price rises while the trading volume decreases, it usually indicates a weakening of market upward momentum and a decrease in the number of buyers.
This divergence phenomenon between volume and price is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of volume support, price increases are difficult to sustain, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buying interest enters the market.
Overbought condition, decreasing volume, rising price. The Williams indicator indicates that the current stage is overbought. Recently, trading volume has decreased, with volume lower than in previous hours, and prices rising while volume declines: upward momentum is weakening.

Upward momentum is weakening, it is recommended to remain cautious and wait for market direction to become clear, being wary of high-level pullback risks.

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