$ERA The 1-hour trading volume was approximately $6.23 million, 8.4 times the previous average; the price rose 2.6% over the same period.
Let’s use this data to talk about surges in trading volume.
Unusual movements in volume often show up before price changes, so many people treat an abnormal spike in volume as a signal to pay attention to a coin. The direction it will take still depends on how the price moves.
After a single spike in volume, if trading quickly falls back, it was probably just a brief flurry of activity. Sustained elevated volume is what’s more worth watching.
The same data can mean very different things in different market conditions, so don’t apply any one rule mechanically.
The above is for informational purposes only and does not constitute investment advice.
Let’s use this data to talk about surges in trading volume.
Unusual movements in volume often show up before price changes, so many people treat an abnormal spike in volume as a signal to pay attention to a coin. The direction it will take still depends on how the price moves.
After a single spike in volume, if trading quickly falls back, it was probably just a brief flurry of activity. Sustained elevated volume is what’s more worth watching.
The same data can mean very different things in different market conditions, so don’t apply any one rule mechanically.
The above is for informational purposes only and does not constitute investment advice.