Recently, Chainlink has experienced a noticeable abnormality in trading volume, with the trading volume on the 30-minute chart surging by 92.6%. Such a sharp increase in volume is often a precursor to a market trend initiation.
From a price perspective, LINK is currently trading around 12.384 USDT, and the 12.37 level is a key support. The deviation from the current price is only 0.22%, with the support zone roughly between 12.237 and 12.37. Approaching support levels often signals a rebound opportunity.
From a trading standpoint, one could place buy orders near 12.37, with resistance targets looking towards 13.035. This kind of volume expansion often indicates that a major trend is coming, and the subsequent movement warrants close attention.
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SignatureLiquidator
· 8h ago
92.6% of the trading volume, this wave is indeed extraordinary
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It's "a big market is coming again," I say that every time...
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12.37 feels a bit shaky as a support level, let's see if it can hold steady before making any moves
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With such good coordination between volume and price, the bulls really should step in
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I get nervous whenever trading volume surges dramatically, often leading to counter-moves
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The target of 13.035 is too far away, let's first see if 12.6 can be broken
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Recently, LINK has been showing some activity, paying attention...
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The support level is so close and still above, the rebound space isn't large
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My experience is that after the peak in volume, a correction is more likely
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It's best for the bulls to wait a bit longer before entering; this wave doesn't seem to be fully in place yet
View OriginalReply0
blockBoy
· 8h ago
92.6% trading volume surge, can LINK break through 13 this time?
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Once again, "a big move is coming," I bet five dollars it will still fall back to 12.2
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Support is so close, it feels like the rebound space is a bit small, a little boring
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Bullish positioning first, anyway it's almost bottoming out, take a gamble
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The increase in trading volume is real, but can it really reverse the overall downward trend? Question mark
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I'm watching the 12.37 level, wait for a signal before acting
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Sounds good, but isn't it just going to keep falling? How many times has this theory been used?
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Interesting, the trading volume is indeed abnormal, monitoring it
View OriginalReply0
AlgoAlchemist
· 9h ago
92.6% of trading volume surged, is it real or fake?
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It's the same old story, every time saying "The big trend is coming"
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That support level at 12.37 held firmly, the rebound depends on this wave
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LINK is just causing trouble, still need to hold on
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Trading volume increased but the price is still hesitating, that's the real problem
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I'll see if 13.035 can break, feels uncertain
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Interesting, a 0.22% deviation is indeed close to support
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Predicting the market based on trading volume? I'm tired of this logic
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The key is whether there's follow-up buying later; relying solely on trading volume is unreliable
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LINK has been like this all along, just a volatile market, don't be fooled
View OriginalReply0
DAOdreamer
· 9h ago
Is this another case of volume explosion again? I don't believe you.
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92.6%... Is this data being manipulated by certain accounts again?
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Is LINK really going to rise this time? I got stuck at $13 last time and haven't moved since.
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Does increasing trading volume necessarily mean the price will go up? This saying feels so common now.
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For those placing orders around 12.37, I advise you not to rush in too quickly.
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Wait, is this support really that solid? I always feel something's off.
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Are you trying to push us to buy the dip again? I'm done playing.
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By the way, when will LINK finally give us some surprises?
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Volume is often just a smokescreen in the end. I'm tired of seeing it.
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$13? Overthinking it. Let's just focus on holding $12 first.
Recently, Chainlink has experienced a noticeable abnormality in trading volume, with the trading volume on the 30-minute chart surging by 92.6%. Such a sharp increase in volume is often a precursor to a market trend initiation.
From a price perspective, LINK is currently trading around 12.384 USDT, and the 12.37 level is a key support. The deviation from the current price is only 0.22%, with the support zone roughly between 12.237 and 12.37. Approaching support levels often signals a rebound opportunity.
From a trading standpoint, one could place buy orders near 12.37, with resistance targets looking towards 13.035. This kind of volume expansion often indicates that a major trend is coming, and the subsequent movement warrants close attention.