$SHELL — Volume continues to cool after the spike
Recent daily volume shows that $SHELL trading activity has declined significantly since the move toward 0.0255.
📊 Recent volume: Aug 9: ~170.62M SHELL Aug 10: ~101.81M Aug 11: ~21.19M Aug 12: ~15.70M Aug 13: ~11.71M Aug 14 so far: ~10.44M
The two sessions around and immediately after the spike recorded extremely high trading activity.
In the following sessions, both volume and price range contracted sharply as $SHELL returned to the 0.019x area.
Declining volume during consolidation usually reflects reduced market activity while participants wait for another expansion in liquidity, but it does not determine the direction of that expansion.
#SHELL #VolumeAnalysis #Binance
Recent daily volume shows that $SHELL trading activity has declined significantly since the move toward 0.0255.
📊 Recent volume: Aug 9: ~170.62M SHELL Aug 10: ~101.81M Aug 11: ~21.19M Aug 12: ~15.70M Aug 13: ~11.71M Aug 14 so far: ~10.44M
The two sessions around and immediately after the spike recorded extremely high trading activity.
In the following sessions, both volume and price range contracted sharply as $SHELL returned to the 0.019x area.
Declining volume during consolidation usually reflects reduced market activity while participants wait for another expansion in liquidity, but it does not determine the direction of that expansion.
#SHELL #VolumeAnalysis #Binance