BOSS Wallet data source, ChainLink today's market news, latest LINK price: $20.87, 24-hour drop -2.019%, trading volume $655 million

According to the analysis of the candlestick chart, there is currently a fluctuating trend. Compared to 14:00, there was a significant increase, a recovery compared to 13:00, and a decrease compared to 12:00. When the price falls while trading volume rises, it usually indicates increased selling pressure in the market, with sellers actively selling.
This situation may be due to the market's pessimistic expectations for future prices or influenced by some negative news, leading to panic selling. Future prices may continue to decline due to significant selling pressure and pessimistic market sentiment.
Investors should be cautious about whether the price will fall below key support levels. If the support level is broken, it may trigger a larger drop. The market is hot, but prices are declining. The Williams indicator shows that the market is currently oversold.
Recently, trading volume has increased, with volume rising compared to the previous few hours, as prices decline and volume increases: selling pressure is increasing.
After the market is oversold and rises, selling pressure still exists. It is recommended to continue to observe and pay attention to support levels.

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