BOSS Wallet data source, ChainLink real-time price market, LINK today's latest price reaches $22.97, with a rise of up to 2.04%, trading volume $798 million

Analysis from the candlestick chart indicates that we are currently in a consolidation trend. Compared to a sharp decline at 11:00, there has been a recovery since 08:00. When the price rises while trading volume declines, it typically indicates a weakening of upward momentum in the market and a decrease in the number of buyers.
This phenomenon of divergence between price and volume is usually due to a lack of sell orders. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of volume support, it is difficult for price increases to sustain, and one should be cautious of the risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
Market enthusiasm is low, and trading volume is decreasing. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, and trading volume has dropped compared to the previous few hours, while the price is rising, indicating weakening upward momentum.

Market upward momentum is weakening; it is advisable to operate cautiously, pay attention to changes in trading volume, and avoid entering the market blindly.

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