$APR 1-hour trading volume was about $23.67 million, 11.1 times the previous average; the price fell 2.58% over the same period.
Guys, what does a surge in trading volume mean? Here’s the short version 👇
Multiples are relative: for a normally quiet coin, even a several-fold increase might come from just one or two large trades. The same increase in volume is much rarer for a major coin.
When volume surges but the price barely moves, it means buyers and sellers are trading heavily at that price. Which way things move next depends on which side gives in first.
The same data can mean very different things in different market conditions, so don’t apply any single rule blindly.
Guys, what does a surge in trading volume mean? Here’s the short version 👇
Multiples are relative: for a normally quiet coin, even a several-fold increase might come from just one or two large trades. The same increase in volume is much rarer for a major coin.
When volume surges but the price barely moves, it means buyers and sellers are trading heavily at that price. Which way things move next depends on which side gives in first.
The same data can mean very different things in different market conditions, so don’t apply any single rule blindly.