BOSS Wallet data source, ChainLink latest price news, LINK real-time price increased by 3.54% to $18.14, trading volume $511 million

Based on K-line chart analysis, it is currently in a fluctuating trend. Compared to 08:00, there is a significant increase; compared to 07:00, there is some recovery; compared to 02:00, there is some decline. When the price rises but trading volume decreases, it usually means that the market's upward momentum is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of price retreating from high levels and pay attention to whether trading volume can keep up with the price increase, as well as whether there is new buying interest.
Overbought state, decreasing trading volume, rising prices. According to the Williams indicator, it is currently in an overbought state. Recent trading volume has decreased, trading volume compared to the previous few hours has decreased, with rising prices and declining volume: upward momentum weakening.

Upward momentum is weakening, may pull back or consolidate sideways, it is recommended to observe and wait for the market direction to become clear before taking action.

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