BOSS Wallet data source, ChainLink real-time price quote, LINK today's latest price reaches $20.9, an increase of 2.05%, trading volume $655 million

According to the analysis of the candlestick chart, it is currently in a consolidation trend. It has risen significantly compared to 14:00, rebounded compared to 13:00, and declined compared to 12:00. Price decreases but trading volume increases usually indicate increased selling pressure, with sellers actively selling.
Such a situation may indicate that the market holds a pessimistic attitude towards future prices, or there may be negative news triggering panic selling. In this case, future prices may continue to fall, as there is strong selling pressure and market sentiment is pessimistic.
Investors should be wary of whether prices will break through key support levels. If the support level is breached, it could trigger a larger decline. Oversold condition, market active, price moving down. According to the Williams indicator, it is currently in an oversold state.
Recently, trading volume has increased, with trading volume rising compared to the previous few hours, price decreasing, and trading volume increasing: selling pressure is increasing.
The market rose after being oversold, but selling pressure still exists. It is recommended to reduce positions on rallies and pay attention to key support levels.

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