LINK approaches a two-week buy signal as the green trending dot remains absent, leaving confirmation pending on the broader chart. Price has recovered toward $14.07 while volume increased, al
LINK is nearing a two-week buy signal as a long base meets recovering price and renewed trading activity across the market.
Jesse Olson says LINK has four days until a confirmed buy signal. His post notes the green trending dot remains absent currently. The setup therefore remains pending rather than confirmed on the two-week chart.
Source: X
The chart shows a developing rounded base after prolonged market weakness. Higher lows have formed around the broader historical support region. Meanwhile, the structure resembles earlier accumulation phases visible on the chart.
Historical price action provides context for the developing formation. The 2022–2023 accumulation period preceded recovery during 2024. The current structure follows another extended decline and sideways trading period.
The cyan trendline also remains relevant to the developing market structure. Price has repeatedly crossed this reference level during previous trend changes. The latest recovery has brought price toward that area again.
The market data as of writing places LINK at $14.07. Price has increased 14.85% during the past 24 hours. Over seven days, the reported increase reached 16.85% alongside renewed trading activity.
The volume chart shows participation increasing as price recovered from earlier lows. Larger volume clusters previously appeared around December and August. Those periods coincided with sharp directional movements across the displayed market cycle.
Recent volume has increased alongside the summer recovery toward the current area. However, activity remains below the strongest historical rally levels shown. The distinction keeps volume confirmation relevant for future directional moves.
The broader structure has therefore shifted from prolonged contraction toward greater market participation. Price is no longer trading within the quietest historical portion. Still, the two-week indicator requires confirmation before establishing a broader trend change.
Exchange data shows Binance holding approximately $146.77 million in open interest. Gate follows closely with approximately $142.28 million in LINK open interest. Bybit records roughly $101.45 million across its listed contracts.
Source: Coinglass
Other exchanges, including Bitget and OKX, account for additional open interest. This distribution shows leveraged positioning across several major trading venues. The exposure is therefore not concentrated entirely on one exchange.
Futures trade counts also show broad derivatives participation across platforms. Binance records approximately 1.47 million trades during the measured period. BingX follows with 1.23 million, while Bybit approaches 559,000 trades.
However, trade counts do not identify whether positions favor buyers or sellers. Open interest likewise does not establish directional positioning by itself. Consequently, the pending two-week signal remains central to the developing technical setup.
