Source of BOSS Wallet data, ChainLink price today, LINK latest price breaks through to $23.43, up 2.00%, transaction volume $806 million

After analyzing the K-line chart, it is found that it is currently in a volatile trend. It is slightly higher than 13:00, slightly lower than 12:00, higher than 08:00, and lower than 11:00. Rising prices but falling trading volume usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase, and whether there is new buying interest. Trading volume decreases while the price rises. By using the Williams indicator, it is determined that it is currently in an overbought state. Recently, trading volume has decreased, with volume down compared to the previous few hours, while the price rises, indicating weakening upward momentum.

The market's upward momentum is weakening; it is advised to remain cautious and be aware of the risk of price pullbacks, while paying attention to changes in trading volume.

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