$SOL 15-minute trading value was approximately $66.35 million, 5.9 times the previous average; the price fell 0.52% over the same period.
Let’s use this data to talk about a surge in volume.
Changes in volume sometimes show up before price movements, so many people treat a sudden spike in volume as a cue to pay attention to a coin. The direction still depends on how the candlesticks develop.
Whether volume expands during a breakout is often seen as one way to distinguish a genuine breakout from a failed one: a breakout on low volume is more likely to reverse.
Understanding this indicator is about avoiding being misled by the numbers, not using it to pinpoint tops and bottoms.
#SOL
Let’s use this data to talk about a surge in volume.
Changes in volume sometimes show up before price movements, so many people treat a sudden spike in volume as a cue to pay attention to a coin. The direction still depends on how the candlesticks develop.
Whether volume expands during a breakout is often seen as one way to distinguish a genuine breakout from a failed one: a breakout on low volume is more likely to reverse.
Understanding this indicator is about avoiding being misled by the numbers, not using it to pinpoint tops and bottoms.
#SOL