BOSS Wallet data source, ChainLink today's price trend, LINK's latest price has surged to $24.86, an increase of 2.01%, trading volume $580 million

According to the analysis of the candlestick chart, the current trend is oscillating. Compared to 22:00, there is a significant increase, but a decrease compared to 15:00. The price is rising while trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a decrease in the number of buyers.
The price increase may be due to a lack of sell orders, considered as 'upward movement without volume.' In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of support from trading volume, the price increase may be difficult to sustain, and caution is advised regarding the risk of a price retreat from high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether new buying interest is coming in. Trading volume has decreased while the price has risen. The Williams indicator suggests that there is currently no overbought or oversold condition. Recently, trading volume has decreased compared to the previous hours, while the price has risen and volume has dropped: upward momentum is weakening.

Market upward momentum is weakening, it is recommended to remain cautious, monitor trading volume and new buying interest, and be alert to the risk of price retreat.

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