Follow the money: $IOST 1-hour surge of 20.44%
To assess the quality of buying pressure, I’d first watch for two things:
· Whether large orders appear in clusters during the rally
· Whether large sell orders start hitting the market once the price moves higher
For comparison: 24h trading volume was $20.24 million, up 65.33% over 24h. If the first condition holds and the second doesn’t, then this rally is genuinely backed by buying pressure.
#IOST
To assess the quality of buying pressure, I’d first watch for two things:
· Whether large orders appear in clusters during the rally
· Whether large sell orders start hitting the market once the price moves higher
For comparison: 24h trading volume was $20.24 million, up 65.33% over 24h. If the first condition holds and the second doesn’t, then this rally is genuinely backed by buying pressure.
#IOST