$SAND Hourly trading volume was about $12.33 million, 6.1 times the previous average; the price rose 2.47% over the same period.
Folks, what does a spike in trading volume mean? Here’s the short version👇
Multiples are relative: for a coin that normally sees little trading, a several-fold increase in volume may come from just one or two large orders. The same increase is much less common for a major coin.
After a steep decline, a rise in trading volume without the price making a new low may be seen as a sign that buyers are stepping in—but this still needs to be confirmed by subsequent price action.
Comparing several data points is more reliable than looking at just one, but even more indicators can’t provide a definitive answer.
#SAND
Folks, what does a spike in trading volume mean? Here’s the short version👇
Multiples are relative: for a coin that normally sees little trading, a several-fold increase in volume may come from just one or two large orders. The same increase is much less common for a major coin.
After a steep decline, a rise in trading volume without the price making a new low may be seen as a sign that buyers are stepping in—but this still needs to be confirmed by subsequent price action.
Comparing several data points is more reliable than looking at just one, but even more indicators can’t provide a definitive answer.
#SAND