BOSS Wallet data source, ChainLink today's price trend, LINK's latest price has broken through to $26.11, an increase of 3.53%, with a trading volume of $8.012 billion

Analyzing through candlestick charts, it is currently in a fluctuation trend. Compared to 18:00, there has been a significant increase, a recovery from 11:00, but a decline from 13:00. Rising prices with decreasing trading volume usually indicate weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of selling, which is considered 'volume-less rise'. In this case, future prices may experience a correction or consolidation. Without trading volume support, price increases may be difficult to sustain, and there is a need to be cautious of price retracement risks at high levels.
Investors should pay attention to whether trading volume can keep up with price increases and whether there is new buying involvement. Market activity is low, and momentum is weakening. The Williams indicator shows that the current market is in an overbought condition. Recent trading volume has decreased, trading volume is lower than in previous hours, prices are rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, the market is overbought, it is recommended to remain cautious, pay attention to changes in trading volume, and wait for market sentiment to recover.

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