Those who missed the move $LINK —what’s hardest now isn’t that they didn’t profit, but not knowing whether they should buy more tickets. From the low at $10.88 on Sep 16 to $13.97 now—up 23% in a month—chasing in feels like you might be buying at a short-term top. Not chasing, though, makes you worry it’ll truly break out of the trend.
First, look at the structure. On Sep 10, volume suddenly expanded to $6.9B, yet price got dumped from $12.5 to $11.8. That kind of volume–price divergence looks more like a concentrated shakeout/cleaning than distribution. After that, over the next two weeks, volume returned to the $400M–$900M range. Meanwhile, the price base kept getting lifted—there are signs that buyers have been re-accumulating at the lower levels.
But the combination of 24h -1.03% and 7d +10% suggests that short-term momentum has dulled around $14. The -73.5% gap under the $52.7 ATH is still hanging there, and that distance implies LINK is currently trading a repair cycle, not making new highs.
The risk lies in volume. If volume falls back below $300M, the $13–$14 zone becomes a distribution area. Only if it dips to $12.4 without breaking can you talk about a second entry. If it breaks below the lower end of the late-September range, the whole logic is invalidated immediately.
Multiple choice: If $LINK surges on volume and holds above $14.5, do you chase that leg, or wait for a pullback to $12.5 and confirm before you move?
First, look at the structure. On Sep 10, volume suddenly expanded to $6.9B, yet price got dumped from $12.5 to $11.8. That kind of volume–price divergence looks more like a concentrated shakeout/cleaning than distribution. After that, over the next two weeks, volume returned to the $400M–$900M range. Meanwhile, the price base kept getting lifted—there are signs that buyers have been re-accumulating at the lower levels.
But the combination of 24h -1.03% and 7d +10% suggests that short-term momentum has dulled around $14. The -73.5% gap under the $52.7 ATH is still hanging there, and that distance implies LINK is currently trading a repair cycle, not making new highs.
The risk lies in volume. If volume falls back below $300M, the $13–$14 zone becomes a distribution area. Only if it dips to $12.4 without breaking can you talk about a second entry. If it breaks below the lower end of the late-September range, the whole logic is invalidated immediately.
Multiple choice: If $LINK surges on volume and holds above $14.5, do you chase that leg, or wait for a pullback to $12.5 and confirm before you move?