$ONDO 15-minute trading volume was about $2 million, 5.1 times the previous average; the price fell 0.69% over the same period.
Let's use this figure to talk about volume spikes.
Changes in volume often show up before price movements, so many people treat a sudden surge in volume as a signal to pay attention to a coin, while waiting for the price to indicate the direction.
Whether 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 more likely to fail.
It's safer to look for confirmation from multiple indicators rather than rely on just one, but no number of indicators can provide a definitive answer.
Let's use this figure to talk about volume spikes.
Changes in volume often show up before price movements, so many people treat a sudden surge in volume as a signal to pay attention to a coin, while waiting for the price to indicate the direction.
Whether 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 more likely to fail.
It's safer to look for confirmation from multiple indicators rather than rely on just one, but no number of indicators can provide a definitive answer.