BOSS Wallet data source, ChainLink latest price news, LINK real-time price up 2.14% to $26.22, trading volume $9.137 billion

From the analysis of the candlestick chart, it can be seen that the current trend is fluctuating. Compared to 07:00, there has been a significant increase, a recovery from 04:00, and a breakout of the 08:00 high. When the price rises but the trading volume decreases, it usually indicates that the upward momentum in the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be wary of the risk of price retracement at high levels and pay attention to whether trading volume can keep up with the price increase, as well as whether new buying interest comes in.
Trading volume decreases, price increases. The Williams indicator indicates that it is currently neither overbought nor oversold. Recently, trading volume has decreased, with volume down from previous hours, while prices are rising and volume is declining: upward momentum is weakening.
Market upward momentum is weakening, it is recommended to remain cautious, be alert to the risk of price retracement, and pay attention to changes in trading volume.


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