BOSS Wallet data source, ChainLink today's market news, LINK latest price: $21.95, 24-hour increase of 17.57%, trading volume $6.776 billion

From the analysis of the K-line chart, the current trend is sideways. Compared to 14:00, it has fallen sharply, rebounding from 08:00, and decreasing from 09:00. The price is rising but trading volume is declining, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to a lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price retracement at high levels.
It is recommended to pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest. Market activity is low, and momentum is weakening. According to the Williams indicator, it is currently overbought. Recently, trading volume has decreased, with volume reduced compared to the previous few hours, price rising, and volume decreasing: upward momentum is weakening.

Market upward momentum is weakening, it is advised to remain cautious, pay attention to changes in volume, and be alert to the risk of price retracement.

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