BOSS Wallet data source, ChainLink latest price news, LINK real-time price increased by 2.15% to $21.87, trading volume $6.776 billion

According to the candlestick chart analysis, it is currently in a consolidation trend. Compared to 14:00, there has been a significant decline, a rebound compared to 08:00, and a decrease compared to 09:00. The price is rising but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, known as a "no-volume rise." In this case, future prices may undergo a correction or sideways consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and one should be cautious of price retracement risks at high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. In a consolidation trend, trading volume decreases while the price rises. The Williams indicator shows that it is currently in the overbought territory. Recently, trading volume has decreased, trading volume is down compared to previous hours, and the price is rising while the trading volume is decreasing: upward momentum is weakening.

Upward momentum is weakening, a correction or sideways move may occur, it is recommended to observe and pay attention to trading volume and new buying interest.

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