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.
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MissedAirdropAgain
· 01-10 05:29
The 269% increase in transaction volume is indeed interesting; it feels like a major move is coming.
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FalseProfitProphet
· 01-08 22:09
269% of the trading volume? Haha, there must be big players brewing something.
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PessimisticOracle
· 01-08 07:59
The surge in trading volume... either it's about to take off or it's a trap. I bet it's a trap.
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GrayscaleArbitrageur
· 01-08 07:57
269% of the trading volume, this move is a bit something
Is LINK about to take off? First, see if it can hold at 13.277
Waiting for a rebound to place an ambush order, should I get in?
Trading volume is unpredictable; sometimes it's just the prelude to cutting leeks
The market is hard to trade, shrinking and observing
This technical position is quite critical, just worried that a single bearish candle might wipe out everything
The target at 13.554 is a bit far, I think I'll wait and see
A sudden surge in volume is a signal, but signals often deceive
I've seen this kind of play with LINK before, don't get too excited
Pay attention to this level recently, but I don't dare to hold a heavy position
Prepare to run if it rebounds to 13.4, no greed
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GhostChainLoyalist
· 01-08 07:55
269% increase in transaction volume? Looks like LINK is really about to move now. Feels like it's been holding back for a long time and is finally about to explode.
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AlwaysMissingTops
· 01-08 07:51
Trading volume skyrocketed by 269%. This thing really can't be ignored anymore.
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NFTRegretful
· 01-08 07:43
Trading volume surged by 269%? Be careful, this is often the tactic of the main players accumulating positions.
Almost reached the support level, feels like it's about to break...
13.277 to place an order? I’m hesitant, prefer to wait for a rebound before entering.
LINK's recent movements are indeed strange, need to keep a close eye.
An increase in trading volume isn't necessarily a good sign, depends on how the follow-up plays out.
Bro, your support level is set a bit aggressively, easy to be swept out.
Only the brave are buying now, I’ll stay on the sidelines for now.
13.554? A bit far, let’s see if it can hold steady at 13.3 first.
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AirdropHuntress
· 01-08 07:42
A 269% increase in volume... depends on whether institutional investors are accumulating or retail investors are taking over. The data needs to be verified behind the scenes.
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AirdropHermit
· 01-08 07:30
The trading volume has surged so much; I just want to see if it can reach 13.554.
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.