BOSS Wallet data source, ChainLink latest price news, LINK real-time price increased by 2.10% to $22.33, trading volume $6.818 billion

After analyzing the K-line chart, it is found that it is currently in a consolidation trend. Compared to 14:00, there has been a significant decline, a recovery from 08:00, and a decrease from 09:00. When the price rises but trading volume decreases, it usually indicates that the upward momentum in the market 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 correction or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their upward movement. Investors should be cautious of the risk of price retreat at high levels and monitor whether trading volume can keep up with price increases, as well as whether new buying interest emerges.
Overbought condition, reduced trading volume, rising prices. The Williams indicator shows that the current market is in an overbought state. Recently, trading volume has decreased, and the volume has dropped compared to previous hours, with prices rising and volume declining: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to remain cautious and wait for a clear direction, being alert to the risk of price retreat.

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