Source of BOSS Wallet data, ChainLink price today, LINK latest price breaks through $12.92, up 3.50%, transaction volume $315 million
According to the analysis of the K-line chart, the current trend is oscillating. It fell sharply compared to 12:00, rebounded compared to 08:00, and fell compared to 04:00. The price rose but the trading volume fell, which usually means that the momentum of the market rise is weakened and the number of buyers has decreased.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may experience a pullback or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be alert to the risk of a pullback from highs and pay attention to whether trading volume can keep up with price increases and whether new buying appears.
The volume is decreasing, the price is rising. Williams indicator shows that there is no overbought or oversold now. The volume has decreased recently, and the volume is less than in the previous hours. The price is rising, and the volume is falling: the upward momentum is weakening.
The upward momentum has weakened, so it is recommended to wait and see and take action after the market direction is clear.
The above content is for reference only and does not constitute investment advice.