A certain cryptocurrency experienced a significant abnormality in trading volume today, with a 134.2% surge in 30-minute trading volume. The current price is at 0.02438 USDT.
From a technical perspective, the key support level is around 0.02437, only 1.89% away from the current price, making this level quite solid. Based on experience, such a sharp increase in volume usually isn't accidental — it either indicates that the market is about to start a new trend or that the main players are testing bottom-level chips.
If you are considering going long, you can place an order around 0.02437 for better cost performance. As for the target, look at the resistance at 0.02678, which can be referenced as a short-term profit-taking level.
The key is to closely monitor the subsequent trend and whether the trading volume can continue to be sustained, as this is an important signal to judge whether this wave can persist.
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.
7 Likes
Reward
7
7
Repost
Share
Comment
0/400
TeaTimeTrader
· 1h ago
The surge is so strong, it feels like someone is accumulating, just worried it might be a false breakout.
View OriginalReply0
zkNoob
· 01-11 18:51
Wait, trading volume skyrocketed by 134.2%? This must be the market whales causing trouble again.
View OriginalReply0
GasFeeGazer
· 01-11 18:51
There's nothing to fear about such a strong surge; it indicates someone is accumulating. I bet this wave can break 0.02678.
View OriginalReply0
ChainComedian
· 01-11 18:51
The move is so aggressive, and it's the same old trick. The main players are probably accumulating again.
View OriginalReply0
LongTermDreamer
· 01-11 18:51
I knew it, this is how it started three years ago. The surge in trading volume never lies. The main force in this wave definitely has to test the bottom.
View OriginalReply0
ChainPoet
· 01-11 18:36
Trading volume surges by 134%? This move is either taking off or just a trap to lure buyers. I bet it takes off.
View OriginalReply0
DataBartender
· 01-11 18:24
The momentum is so strong, are the big players causing trouble again? But this is the easiest time to get chopped up, so I'll just watch for now.
A certain cryptocurrency experienced a significant abnormality in trading volume today, with a 134.2% surge in 30-minute trading volume. The current price is at 0.02438 USDT.
From a technical perspective, the key support level is around 0.02437, only 1.89% away from the current price, making this level quite solid. Based on experience, such a sharp increase in volume usually isn't accidental — it either indicates that the market is about to start a new trend or that the main players are testing bottom-level chips.
If you are considering going long, you can place an order around 0.02437 for better cost performance. As for the target, look at the resistance at 0.02678, which can be referenced as a short-term profit-taking level.
The key is to closely monitor the subsequent trend and whether the trading volume can continue to be sustained, as this is an important signal to judge whether this wave can persist.