BOSS Wallet data source, ChainLink real-time price quotes, the latest price of LINK today is $23.23, with a rise of 2.02%, and a trading volume of $746 million.

Based on the candlestick chart analysis, it is currently in a consolidation trend. Compared to 23:00, there has been a significant increase, and it has rebounded from 17:00, breaking through the high point of 22:00. When the price rises but trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is often caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation due to the lack of support from trading volume, making it difficult for price increases to be sustained. Investors should be wary of the risk of price pullbacks at high levels and pay attention to whether trading volume can keep up with price increases and whether there is new buying interest.
Market activity is low, and momentum is weakening. Judging by the Williams indicator, it is currently neither overbought nor oversold. Recent trading volume has decreased, with volume down compared to previous hours, while prices are rising and volume is declining: upward momentum is weakening.

Upward momentum is weakening; it is advisable to remain cautious and pay attention to changes in trading volume, and to make decisions after market sentiment recovers.

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