The trading volume over $US 1 hours was approximately $7.73 million, 3.8 times the previous average; the price rose 10.82% over the same period.
Let’s use this data to talk about surges in trading volume.
Unusual volume movements often show up before price movements, so many people treat an abnormal surge in volume as a signal to pay attention to a coin. The price action itself tells you which way it’s headed.
When volume and price move in the same direction, the signal is easier to interpret. When they diverge, it’s often more worth examining—for example, when the price hits a new high while trading volume keeps declining.
Understanding this indicator can help you avoid being misled by a single number; it isn’t meant to predict whether prices will rise or fall.
Let’s use this data to talk about surges in trading volume.
Unusual volume movements often show up before price movements, so many people treat an abnormal surge in volume as a signal to pay attention to a coin. The price action itself tells you which way it’s headed.
When volume and price move in the same direction, the signal is easier to interpret. When they diverge, it’s often more worth examining—for example, when the price hits a new high while trading volume keeps declining.
Understanding this indicator can help you avoid being misled by a single number; it isn’t meant to predict whether prices will rise or fall.