$W 1-hour trading volume was about $6.3 million, 6.7 times the previous average; prices rose 8.03% over the same period.
A beginner’s burning question: What does a surge in volume actually indicate?
Multiples are relative: for a coin that usually trades very little, a several-fold increase in volume may come from just a few large orders. The same increase is much rarer for a top coin.
A sudden rise in volume only tells you that trading has picked up; it doesn’t prove which side is right.
Several indicators confirming one another is more reliable than looking at just one, but even more indicators can’t give you a definitive conclusion.
#W
A beginner’s burning question: What does a surge in volume actually indicate?
Multiples are relative: for a coin that usually trades very little, a several-fold increase in volume may come from just a few large orders. The same increase is much rarer for a top coin.
A sudden rise in volume only tells you that trading has picked up; it doesn’t prove which side is right.
Several indicators confirming one another is more reliable than looking at just one, but even more indicators can’t give you a definitive conclusion.
#W