BOSS Wallet data source, ChainLink real-time price quotes, LINK's latest price today is $23.13, with an increase of 3.54%, and a trading volume of $788 million.

According to the analysis of the candlestick chart, it is currently in a consolidation trend. It has slightly increased compared to 13:00, slightly decreased compared to 12:00, rebounded compared to 08:00, and decreased compared to 11:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in the number of buyers.
The price increase may be due to a lack of selling pressure, which is considered 'rising without volume.' In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and one should be wary of the risk of price retracement at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase, and whether there are new buy orders coming in. In a consolidation trend, trading volume decreases while prices rise. The Williams indicator suggests that it is currently overbought. Recently, trading volume has decreased; trading volume is down compared to the previous few hours, while prices rise and volume decreases: upward momentum is weakening.

The market's upward momentum is weakening, so it is recommended to remain cautious and pay attention to changes in trading volume and new buy orders coming in.

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