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LINK has been moving interestingly these days, with the 30-minute candlestick trading volume suddenly surging by 269%, indicating a significant increase in market activity. The current price is at 13.252 USDT, just a little below the key support level at 13.277, less than 1%.
From a technical perspective, the range between 13.277 and 13.46 forms a strong support zone. Once it drops to this area, a rebound is likely. Therefore, if you're interested in going long, you can place a buy order around 13.277, with the target set at the resistance level of 13.554.
Why pay so much attention to trading volume? Generally, a sudden increase in volume is not a false alarm; the market is either about to rally or facing a trend reversal. During such times, it's crucial to closely monitor market changes. Overall, this recent abnormal movement of LINK is worth tracking closely to see what kind of rhythm it will develop next.