BOSS Wallet data source, ChainLink real-time price quotes, LINK's latest price today reaches $22.724, with an increase of 3.53%, and a trading volume of $6.993 billion.
By analyzing the candlestick chart, it is currently in a consolidation trend. Compared to 16:00, it has slightly increased; compared to 15:00, it has slightly decreased; it has rebounded compared to 08:00; and it has declined compared to 09:00. The price is rising, but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This volume-price divergence phenomenon may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases, as well as whether new buying interest emerges.
Market activity is low, and momentum is weakening. According to the Williams indicator, the current market state is overbought. Recent trading volume has decreased, with volume lower than in previous hours, and while prices are rising, trading volume is declining: upward momentum is weakening.
The market's upward momentum is weakening; it is advisable to remain cautious, monitor volume-price changes, and wait for the market sentiment to recover.
The above content is for reference only and does not constitute investment advice.