Technical note | $ONDO | 15-minute trading volume up 5.1x | Price down 0.69%
Definition: When looking at a spike in trading volume, consider it alongside price: the price level where a coin stalls and the length of its wicks are often more useful than the trading volume alone.
How to read it: A rise in volume during a price increase is often seen as evidence of buying support, while a rise in volume during a price drop is often seen as genuine selling pressure—but these are just rules of thumb.
Don’t change your pace based on a single number, and never gamble borrowed money on one reading.
Definition: When looking at a spike in trading volume, consider it alongside price: the price level where a coin stalls and the length of its wicks are often more useful than the trading volume alone.
How to read it: A rise in volume during a price increase is often seen as evidence of buying support, while a rise in volume during a price drop is often seen as genuine selling pressure—but these are just rules of thumb.
Don’t change your pace based on a single number, and never gamble borrowed money on one reading.