BOSS Wallet data source, ChainLink today's price trend, LINK's latest price has broken through to $25.8, with an increase of 2.22%, trading volume $7.949 billion

Through K-line chart analysis, currently in a fluctuation trend. Compared to 18:00, it has risen significantly, has rebounded compared to 11:00, and has decreased compared to 13:00. When the price rises while the trading volume declines, it usually indicates that the upward momentum of the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between price and volume is usually due to a lack of selling pressure. In this case, future prices may adjust or consolidate sideways. Due to a lack of support from trading volume, it is difficult for prices to sustain upward movement, and there is a risk of a high-level pullback. Investors should pay attention to whether trading volume can accompany the price increase and whether new buyers are entering the market.
Overbought state, trading volume decreasing, price rising. According to the Williams indicator, it is currently in an overbought state. Recently, trading volume has decreased, with volume down from previous hours, while the price is rising and volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to remain cautious and wait until the market direction is clear before making decisions.

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