BOSS Wallet data source, ChainLink real-time price trend, LINK today's latest price reached $21.81, with an increase of 2.01%, trading volume $775 million

According to the candlestick chart analysis, it is currently in a sideways trend. Compared to 13:00, there is a slight increase; compared to 14:00, there is a slight decrease; and compared to 07:00, there has been some recovery. 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.
This phenomenon of divergence between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for prices to continue rising. Investors should be wary of the risk of a pullback from high levels and pay attention to whether trading volume can keep up with price increases and whether new buying pressure emerges.
In a sideways trend, trading volume is decreasing while prices are rising. The Williams indicator shows that the current state is neither overbought nor oversold. Recently, trading volume has decreased, with volume lower than in previous hours, prices are rising, and volume is decreasing: upward momentum is weakening.

Upward momentum is weakening, be cautious of the risk of a pullback from high levels, it is recommended to remain observant and focus on changes in trading volume and new buying pressure.

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