The rise in LINK is not just about price movement: participation and buying pressure in the spot market accelerated at the same time.
Volume increased by 2,691% to 14.8 million USDT, while the number of transactions rose by 1,339%. The buy side’s share in taker trades reached 69.5%.
This picture shows that the move is supported by strong spot demand that is not evenly balanced; however, RSI at the 80 level also increases the risk of short-term overheating. The key point to watch here is whether the high trading activity and buyer dominance will be sustained in the following candles.
Volume increased by 2,691% to 14.8 million USDT, while the number of transactions rose by 1,339%. The buy side’s share in taker trades reached 69.5%.
This picture shows that the move is supported by strong spot demand that is not evenly balanced; however, RSI at the 80 level also increases the risk of short-term overheating. The key point to watch here is whether the high trading activity and buyer dominance will be sustained in the following candles.