Chainlink's recent trading volume has shown a significant anomaly, with the 30-minute trading volume skyrocketing by 65.1%. This signal often indicates that a major market move is imminent.



Currently, the price is fluctuating around 13.735 USDT. From a technical perspective, the key support level on the 1-hour chart is at 13.727, only 0.77% away from the current price, which is very close. This level is indeed worth paying attention to, as many traders are watching to see if it can form an effective support.

If you are optimistic about the subsequent trend, you might consider placing a buy order near 13.727, with resistance set at 14.187. The profit potential within this range is relatively clear. Of course, while a sharp increase in volume often signals an upcoming market move, it should be combined with other indicators for a comprehensive assessment. Keep a close eye on Chainlink's upcoming price movements.
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DaoDevelopervip
· 11h ago
volume spike is interesting but we've seen this movie before... need to audit the order flow patterns first tbh. what's the actual liquidity depth looking like at 13.727? that's where the real test happens ngl
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GasGasGasBrovip
· 11h ago
We've seen a surge in trading volume many times before, but it still comes down to luck. It's both a support level and a resistance level; it feels like I say this every time.
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SlowLearnerWangvip
· 11h ago
It's another volume anomaly and support level. Every time, they say a big move is coming, but in the end... by the time I react, the opportunity has already passed.
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LiquidationOraclevip
· 12h ago
We've heard the explanation about the surge in trading volume quite a bit. Who knows whether it will go up or down next time?
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