$SKYAI 1 Hourly trading volume was about $5.09 million, 5.7 times the previous average; during the same period, the price fell 1.58%.
A beginner’s burning question: How should I interpret a spike in trading volume?
Trading volume is how many coins were traded over a period of time; trading value converts that amount into the quote currency. The multiple here compares this period with the average over the preceding period.
A sudden spike in trading volume only proves that trading activity has increased; it doesn’t tell us who came out ahead.
Any indicator only describes past market activity; prices can absolutely move in the opposite direction.
#SKYAI
A beginner’s burning question: How should I interpret a spike in trading volume?
Trading volume is how many coins were traded over a period of time; trading value converts that amount into the quote currency. The multiple here compares this period with the average over the preceding period.
A sudden spike in trading volume only proves that trading activity has increased; it doesn’t tell us who came out ahead.
Any indicator only describes past market activity; prices can absolutely move in the opposite direction.
#SKYAI