BOSS Wallet data source, ChainLink today's market news, LINK latest price: $20.01, 24-hour drop -1.864%, trading volume $701 million

From the analysis of the candlestick chart, it is currently in a fluctuating trend. Compared to 23:00, there has been a significant increase, a recovery compared to 20:00, and a decline compared to 16:00. The price is rising but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, which is considered a 'no-volume increase.' In this case, future prices may experience a correction or consolidation. Due to the lack of support from trading volume, price increases may be difficult to sustain, and caution is needed regarding the risk of price retreating from high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether new buying interest is entering. Trading volume decreases while prices rise. The Williams indicator shows that it is currently neither overbought nor oversold. Recent trading volume has decreased, trading volume is down compared to the previous few hours, and prices are rising while trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to observe 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.