$QNT 1-hour trading volume was about $35.71 million, 6 times the previous average; the price rose 4.49% over the same period.
A newbie asks: What does a surge in volume mean?
It’s all relative: for a coin that usually trades very little, a several-fold increase in volume may come from just one or two large orders. The same increase is much rarer for a major coin.
Don’t chase a coin just because volume has surged. Surges often come with greater volatility, so using less leverage can help you stay calm.
The same reading can mean completely different things in different market conditions, so don’t blindly follow a single rule.
A newbie asks: What does a surge in volume mean?
It’s all relative: for a coin that usually trades very little, a several-fold increase in volume may come from just one or two large orders. The same increase is much rarer for a major coin.
Don’t chase a coin just because volume has surged. Surges often come with greater volatility, so using less leverage can help you stay calm.
The same reading can mean completely different things in different market conditions, so don’t blindly follow a single rule.
