BOSS Wallet data source, ChainLink real-time price trend, LINK's latest price today reached $20.9, with an increase of 2.05%, trading volume $655 million

Based on the analysis of the candlestick chart, it is currently in a fluctuating trend. Compared to 14:00, it has increased significantly, has rebounded from 13:00, and has decreased compared to 12:00. A drop in price but an increase in trading volume usually indicates increased selling pressure, with sellers actively selling.
Such a situation may indicate a pessimistic market outlook on future prices, or there may be some negative news triggering panic selling. In this case, future prices may continue to decline, as there is significant selling pressure and market sentiment is pessimistic.
Investors should be cautious about whether the price will break key support levels. If the support level is breached, it may trigger a larger decline. Oversold condition, active market, price is declining. According to the Williams indicator, it is currently in an oversold condition.
Recently, trading volume has increased, with volume rising compared to the previous few hours, price is declining, and volume is increasing: selling pressure is increasing.
After the market is oversold, there is a rise, but selling pressure remains. It is recommended to reduce positions on rallies and pay attention to key support levels.

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