BOSS Wallet data source, ChainLink today's price trend, LINK latest price has broken through to $19.16, up 2.08%, trading volume $629 million

The candlestick chart shows that there is currently a volatile trend. Compared to 13:00, there is a significant increase, a rebound from 11:00, breaking through the high point of 06:00. Prices are 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.
This divergence between volume and price may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or consolidation, as the lack of trading volume makes it difficult for prices to sustain an increase. Investors should be cautious of the risk of a high-level drop and pay attention to whether trading volume can keep up with the price increase, as well as whether there is new buying interest.
In a volatile trend, trading volume decreases while prices rise. According to the Williams indicator, it is currently in the overbought territory. Recent trading volume has decreased, with volume lower than in previous hours, prices are rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to wait and see, pay attention to changes in trading volume, and be cautious of the risk of a high-level drop.

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