LINK price breaks above $25.27 per coin, up 2.02% on the day
Today's price quote, LINK's latest price breakout to $25.27, up 2.02%, with a trading volume of $8.512 billion
According to the k-chart analysis, it is currently in an oscillator trend. It is more sharply up compared to 18:00, back up from 11:00 and down from 13:00. When prices rise but trading volume falls, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This type of volume-price divergence is usually caused by a lack of selling. Against this background, prices may retrace or consolidate sideways in the future as the lack of volume support makes it difficult to sustain price rises. Investors should be alert to the risk of a price pullback at higher levels and keep an eye on whether trading volume can keep up with the price rise and whether new buyers are stepping in.
Low market heat and reduced trading volume. Judging by the Williams indicator, it is currently overbought. Trading volume has decreased recently, trading volume is lower than in the previous hours, price is rising and trading volume is falling: upward momentum is weakening.
Rising momentum is weakening, may retracement or sideways trading, suggest cautious operation, avoid blind entry.
The above is for reference only and does not constitute investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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