LINK price reaches $20.37 per piece, up 2.00% on the day

LINK's latest price reached $20.37 today, up 2.00%, with a trading volume of $537 million Based on the k-chart analysis, it is now in a oscillating trend. It rose more sharply compared to 11:00, recovered from 09:00 and broke above the 12:00 high. When prices are rising but trading volume is falling, it usually means that the market's upward momentum is waning and the number of buyers is decreasing. This type of volume-price divergence is usually due to a lack of selling. Against this backdrop, prices may retrace or move sideways in the future as the lack of volume support makes it difficult to sustain price rises. Investors should be wary of the risk of a price pullback at higher levels and keep an eye on the trading volume to see if it can keep up with the price rise and if new buying intervenes. Overbought condition, trading volume decreases and price rises. Judging by the Williams indicator, it is currently overbought. Recently the trading volume has decreased, the trading volume is lower than in the previous hours, the price is rising, the trading volume is decreasing: the upward momentum is weakening. Market upward momentum is weakening, it is recommended to wait and see, wait for the direction to be clear, and be alert to the risk of price fall back. The above content is for reference only and does not constitute investment advice.