BOSS Wallet data source, ChainLink real-time price quote, LINK's latest price today reached $21.63, with a growth rate of up to 2.03%, trading volume $591 million

By studying the candlestick chart, it is currently in a consolidation trend. Compared to 17:00, there has been a significant increase, a rebound from 10:00, and a decrease from 13:00. Prices are rising but trading volume is declining, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
This phenomenon of divergence between price and volume may be due to a lack of sell orders. 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 be sustained. 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.
Trading volume is decreasing while prices are rising. According to the Williams indicator, it is currently overbought. Recently, trading volume has decreased, lower than in previous hours, with prices rising and trading volume declining: upward momentum is weakening.
The upward momentum in the market is weakening, it is advisable to remain cautious and monitor changes in trading volume and new buying interest.

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