BOSS Wallet data source, ChainLink real-time price trend, LINK's latest price today reached $23.36, with an increase of 2.01%, and a trading volume of $562 million.

After analyzing the candlestick chart, it is found that it is currently in a consolidation trend. Compared to 12:00, it has slightly risen; compared to 13:00, it has slightly fallen; it has rebounded compared to 10:00; and it has decreased compared to 07:00. When the price rises and trading volume declines, it usually indicates that the market's upward momentum is weakening, and the number of buyers is decreasing.
This divergence between price and volume is often due to a lack of selling pressure. In such cases, future prices may correct or consolidate sideways. Due to the lack of support from trading volume, it is difficult for prices to sustain their upward movement, and caution should be taken regarding the risk of a pullback from high levels. Investors should pay attention to whether trading volume can accompany price increases and whether new buying interest is entering the market.
Trading volume is decreasing while the price is rising. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has decreased, trading volume has reduced compared to previous hours, the price is rising, and trading volume is falling: upward momentum is weakening.
Upward momentum is weakening, it is recommended to watch and pay attention to changes in trading volume and new buying interest.


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