LINK's recent performance is worth paying attention to. On the 30-minute chart, trading volume suddenly surged by 33.4%, and such abnormal volume movements are often not without reason.
From a price perspective, LINK is currently oscillating around 12.248 USDT. Technically, the area around 12.216 has become a relatively strong support, only about 0.43% away from the current price. The entire support zone is roughly between 12.216 and 12.348, with quite a few buy orders accumulating there.
From a trading standpoint, this sharp increase in volume usually indicates that the market may soon take a new direction. Experienced traders might position long orders around 12.216, waiting for volume confirmation to potentially trigger a rally.
However, it is still important to emphasize that although the abnormal volume looks attractive, the subsequent trend requires further observation. Keep a close eye on LINK's movements to see if it can hold steady at these support levels.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
5
Repost
Share
Comment
0/400
StablecoinAnxiety
· 33m ago
Trading volume surged by 33.4%. Will this be another fakeout? We've been trapped several times already.
View OriginalReply0
RumbleValidator
· 14h ago
33.4% surge in trading volume? You need to look closely at this data. Don't be fooled by the surface illusion; the real confirmation will come from on-chain data.
View OriginalReply0
BoredApeResistance
· 14h ago
Trading volume surges by 33%? This time really feels different, it seems like it's about to take off.
View OriginalReply0
WhaleWatcher
· 14h ago
With such rapid increase in trading volume, be careful—are big players manipulating the market again?
View OriginalReply0
TokenStorm
· 14h ago
33.4% of the volume, sounds quite attractive, but I bet five dollars this is just another "false alarm."
That 12.216 resistance line, I already placed a long order there. If it can hold steady, I’ll be laughing to death. If it can't hold steady, I’ve already become numb.
LINK's recent performance is worth paying attention to. On the 30-minute chart, trading volume suddenly surged by 33.4%, and such abnormal volume movements are often not without reason.
From a price perspective, LINK is currently oscillating around 12.248 USDT. Technically, the area around 12.216 has become a relatively strong support, only about 0.43% away from the current price. The entire support zone is roughly between 12.216 and 12.348, with quite a few buy orders accumulating there.
From a trading standpoint, this sharp increase in volume usually indicates that the market may soon take a new direction. Experienced traders might position long orders around 12.216, waiting for volume confirmation to potentially trigger a rally.
However, it is still important to emphasize that although the abnormal volume looks attractive, the subsequent trend requires further observation. Keep a close eye on LINK's movements to see if it can hold steady at these support levels.