BOSS Wallet data source, ChainLink today's price trend, LINK latest price has broken through to $21.2, an increase of 2.02%, trading volume $536 million

According to the analysis of the candlestick chart, the market is currently in a fluctuating trend. Compared to 16:00, there has been a significant drop, a recovery compared to 09:00, and a decline compared to 13:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, considered to be a 'volume-less increase'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price increase may be hard to sustain, and caution should be taken regarding the risk of a price pullback at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether new buying interest has entered the market. The market is cold, and trading volume is decreasing. According to the Williams indicator, the current situation is overbought. Recently, trading volume has decreased, with trading volume lower than in the previous hours, while the price is rising and trading volume is falling: upward momentum is weakening.

The upward momentum in the market is weakening, and a pullback may occur. It is advised to operate cautiously and pay attention to changes in trading volume.

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