BOSS Wallet data source, ChainLink today's market news, LINK latest price: $23.86, 24-hour increase 1.532%, trading volume $621 million

According to the analysis of the candlestick chart, it is currently a volatile trend. Compared to 18:00, there has been a significant increase, a recovery compared to 11:00, and a decline compared to 13:00. Price is rising but trading volume is decreasing, which usually indicates weakening upward momentum in the market and a decrease in the number of buyers.
This divergence phenomenon between price and volume may be due to insufficient selling pressure. In this case, future prices may retrace or consolidate sideways. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be cautious of the risk of price retreating from high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether new buying interest is coming in. In a volatile trend, trading volume decreases while price rises. According to the Williams indicator, it is currently in the overbought territory. Recently, trading volume has decreased, trading volume is down compared to the previous hours, and price is rising while trading volume is falling: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to stay on the sidelines and pay attention to changes in trading volume and the situation of new buying interest.

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