$ZEC has higher trading volume than $SOL , yet its price has fallen further. If you're looking for strong coins based on trading volume, this contrast is worth understanding first.
As of 23:42 Beijing time on October 18, over the past 24 hours on Binance Spot, ZEC/USDT had a trading volume of about 176 million USDT, compared with about 146 million for SOL/USDT. Over the same period, they fell by about 6% and 2%, respectively.
My view is that ZEC's trading volume is worth watching, but there isn't enough evidence to be bullish yet. Trading volume records how much buying and selling has taken place; it can be high even when the price is falling. Its volume exceeding SOL's only means that more value was traded—it doesn't mean buyers are more willing to push the price up.
When choosing coins, I look at trading volume and price direction separately. In this market snapshot, ZEC has higher trading volume alongside a steeper decline. High trading volume alone isn't enough to make me bullish.
As of 23:42 Beijing time on October 18, over the past 24 hours on Binance Spot, ZEC/USDT had a trading volume of about 176 million USDT, compared with about 146 million for SOL/USDT. Over the same period, they fell by about 6% and 2%, respectively.
My view is that ZEC's trading volume is worth watching, but there isn't enough evidence to be bullish yet. Trading volume records how much buying and selling has taken place; it can be high even when the price is falling. Its volume exceeding SOL's only means that more value was traded—it doesn't mean buyers are more willing to push the price up.
When choosing coins, I look at trading volume and price direction separately. In this market snapshot, ZEC has higher trading volume alongside a steeper decline. High trading volume alone isn't enough to make me bullish.