$GTC 1 The hourly trading volume was about $8.51 million, 8.7 times the previous average; the price rose 15.28% over the same period.
A beginner’s burning question: What does a surge in trading volume actually indicate?
Trading volume is the amount of cryptocurrency traded over a period of time, while trading value converts that amount into monetary terms. The multiple here compares the current period with the average for the preceding period.
Whether trading volume increases during a breakout is often considered one way to distinguish a genuine breakout from a false one: a breakout on low volume is often more likely to fail.
Multiple indicators that confirm one another are more reliable than looking at just one, but even a host of signals can’t provide certainty.
A beginner’s burning question: What does a surge in trading volume actually indicate?
Trading volume is the amount of cryptocurrency traded over a period of time, while trading value converts that amount into monetary terms. The multiple here compares the current period with the average for the preceding period.
Whether trading volume increases during a breakout is often considered one way to distinguish a genuine breakout from a false one: a breakout on low volume is often more likely to fail.
Multiple indicators that confirm one another are more reliable than looking at just one, but even a host of signals can’t provide certainty.