Recently, LINK's performance has been quite interesting. The trading volume on the 30-minute candlestick suddenly surged by over 150.3%, and the price is now stable around 13.083 USDT.
From a technical perspective, the 13.057 level is a relatively solid support, only about 1.54% away from the 1-hour baseline. There is also a support zone below between 13.018 and 13.155, which means the short-term downside is relatively limited. Generally, such a sharp increase in trading volume often signals that the market is about to start moving, especially when such volume appears near support levels, indicating active capital deployment.
From a trading standpoint, you can place a long order around 13.057, without rushing. The resistance level above is at 13.346, which can serve as the first take-profit target. This abnormal volume movement is indeed worth close monitoring. If the volume continues to break through resistance, there could be a good upward potential. Keep a close eye on LINK's upcoming movements.
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EternalMiner
· 01-09 14:36
Wow, this surge in LINK volume is really intense. It feels like it's about to take off.
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HodlOrRegret
· 01-09 09:51
13.057 this support level looks quite solid; increased volume indicates that funds are testing the waters.
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MidnightMEVeater
· 01-09 09:43
Good morning, I saw another volume surge story at 2 a.m. This 150% increase in trading volume is mostly caused by bots running sandwich attacks, waiting to eat up the middle part.
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POAPlectionist
· 01-09 09:34
This wave of volume in link is quite intense. Whether 13.057 holds or not is the key.
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GasBandit
· 01-09 09:31
The volume is at the support level. I've seen this trick several times before, the key is whether it can break through and go higher.
Recently, LINK's performance has been quite interesting. The trading volume on the 30-minute candlestick suddenly surged by over 150.3%, and the price is now stable around 13.083 USDT.
From a technical perspective, the 13.057 level is a relatively solid support, only about 1.54% away from the 1-hour baseline. There is also a support zone below between 13.018 and 13.155, which means the short-term downside is relatively limited. Generally, such a sharp increase in trading volume often signals that the market is about to start moving, especially when such volume appears near support levels, indicating active capital deployment.
From a trading standpoint, you can place a long order around 13.057, without rushing. The resistance level above is at 13.346, which can serve as the first take-profit target. This abnormal volume movement is indeed worth close monitoring. If the volume continues to break through resistance, there could be a good upward potential. Keep a close eye on LINK's upcoming movements.