$QNT: Volume surged 8.73x, but buyers never showed up
A volume spike during a decline is more likely to signal exits than the start of a reversal—unless the price holds above the local midpoint. Over 15 minutes, the price fell 2.07% on volume 8.73x above average, while the daily loss of 8.58% outweighs the weekly gain of 0.38%.
Observation range · 5 h
Above 190.27: Holding above the upper boundary of the local range would shift the interpretation of the spike toward absorption of selling.
Below 179.00: A return to the lower boundary of the range would confirm that volume was working in the sellers’ favor.
Historical levels; a single wick does not confirm a scenario.
What would need to change in the volume for a spike during a decline to look like accumulation rather than distribution?
Binance data, snapshot at 13:45 UTC. The author may receive rewards through Binance Square Write to Earn.
A volume spike during a decline is more likely to signal exits than the start of a reversal—unless the price holds above the local midpoint. Over 15 minutes, the price fell 2.07% on volume 8.73x above average, while the daily loss of 8.58% outweighs the weekly gain of 0.38%.
Observation range · 5 h
Above 190.27: Holding above the upper boundary of the local range would shift the interpretation of the spike toward absorption of selling.
Below 179.00: A return to the lower boundary of the range would confirm that volume was working in the sellers’ favor.
Historical levels; a single wick does not confirm a scenario.
What would need to change in the volume for a spike during a decline to look like accumulation rather than distribution?
Binance data, snapshot at 13:45 UTC. The author may receive rewards through Binance Square Write to Earn.
