Coin World real-time market morning report: LINK price breaks through $26.11 per coin, rising 3.53% during the day.

BOSS Wallet data source, ChainLink today’s price quote, LINK latest price breakthrough to $26.11, an increase of 3.53%, volume $80.12 billion

Through the analysis of the Candlestick Chart, it is currently in a oscillating trend. Compared to a significant pump at 18:00, there is a rebound from 11:00 and a decline from 13:00. The price rises but the volume decreases, usually indicating a weakening pump momentum in the market and a decrease in the number of buyers. The pump in price may be caused by a lack of selling pressure, which is considered as a “volumeless pump”. In this case, the future price may experience a pullback or Sideways consolidation. Due to the lack of support from volume, the price pump may be difficult to sustain, and the risk of a fall in price at high levels should be guarded against. Investors should follow whether volume can keep up with price pump and whether there are new buying orders entering. The market is less active and momentum is weakening. The Williams indicator shows that the current market is Overbought. Recently, the volume has decreased, with a decrease in volume compared to the previous few hours, the price has risen, and the volume has decreased: pump momentum is weakening.

The upward momentum weakens, the market is overbought, it is recommended to be cautious, follow the change in volume, and wait for the market sentiment to recover.

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