The volume bars have grown noticeably, yet price made a round trip and ended up where it started.$OGN The latest completed hour’s volume was about 2.1 times the previous hour’s. Price reached a high of 0.02332, but closed just 0.00002 above the open; nine-tenths of the range was left as an upper wick. The activity is real, but there was almost no price movement.
I’m noting it as a high-volume draw, rather than repeatedly calling every wick a failed breakout. 0.02332 is this hour’s high; only a full close above it would show buyers truly pushing the price higher. If it breaks below this hour’s low of 0.02255, the draw will tilt toward sellers.