$NEAR 15-minute trading volume was about $31.4 million, 5.7 times the previous average; the price fell 1.65% over the same period.
A beginner’s burning question: How should you interpret a spike in trading volume?
Trading volume is how many coins were traded over a period of time; trading value is that amount converted into currency. The multiple here compares this period with the average over an earlier period.
Don’t chase a spike just because volume is up. Volatility is often highest during these surges, so keeping your position size in check is a safer approach.
Comparing multiple data points is more reliable than looking at just one, but even more indicators can’t give you a definite answer.
A beginner’s burning question: How should you interpret a spike in trading volume?
Trading volume is how many coins were traded over a period of time; trading value is that amount converted into currency. The multiple here compares this period with the average over an earlier period.
Don’t chase a spike just because volume is up. Volatility is often highest during these surges, so keeping your position size in check is a safer approach.
Comparing multiple data points is more reliable than looking at just one, but even more indicators can’t give you a definite answer.