BOSS Wallet data source, ChainLink real-time price trend, LINK's latest price today reached $23.9, with a rise of up to 2.01%, trading volume $870 million

Based on the analysis of the candlestick chart, the current trend is oscillating. Compared to 16:00, there has been a significant drop, a rebound compared to 09:00, and a decline compared to 11:00. When prices rise while trading volume decreases, it usually indicates a weakening bullish momentum and a reduction in buyers.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may correct or consolidate. Due to the lack of trading volume support, sustaining a price increase is difficult, so one should be wary of the risk of a pullback from high levels. Investors should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
In an oscillating trend, trading volume decreases while prices rise. The Williams indicator currently indicates an overbought condition. Recently, trading volume has decreased, with trading volume down compared to the previous few hours and prices rising, indicating weakening bullish momentum.

Bullish momentum is weakening; it is advisable to remain cautious, be alert to the risk of a pullback from high levels, and monitor changes in trading volume and new buying conditions.

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