Daily Volume for $SHELL rose sharply during the 16/10 session.
Reference point: the 16/10/2026 daily candle on Binance USDⓈ-M Futures, using the UTC trading day.
The 16/10 daily candle recorded a volume of approximately 162.76 million SHELL, significantly higher than the approximately 62.69 million SHELL recorded by the 15/10 daily candle in the same Futures data.
The 16/10 daily candle closed at 0.02288 USDT, above its opening price of 0.02179 USDT. The rise in volume coincided with a positive-closing candle, but is not enough to confirm a longer-term uptrend.
The following candles should be monitored to assess how sustained trading activity is.
#DailyVolume #VolumeAnalysis #AltcoinMarket
Reference point: the 16/10/2026 daily candle on Binance USDⓈ-M Futures, using the UTC trading day.
The 16/10 daily candle recorded a volume of approximately 162.76 million SHELL, significantly higher than the approximately 62.69 million SHELL recorded by the 15/10 daily candle in the same Futures data.
The 16/10 daily candle closed at 0.02288 USDT, above its opening price of 0.02179 USDT. The rise in volume coincided with a positive-closing candle, but is not enough to confirm a longer-term uptrend.
The following candles should be monitored to assess how sustained trading activity is.
#DailyVolume #VolumeAnalysis #AltcoinMarket