The $SOL 5-minute trading volume was approximately $49.51 million, 10.1 times the previous average; the price barely moved during the same period.
Let’s use this figure to talk about trading volume.
Trading volume is often compared to fuel for market movements: for a trend to continue, it generally needs sustained trading activity to support it, but this is an observation, not a rule.
After a single spike in volume, if it quickly falls back, that surge is often just a brief pulse. Sustained high trading volume is more noteworthy.
Any indicator is a summary of price movements that have already happened, and prices can absolutely move in the opposite direction.
#SOL
Let’s use this figure to talk about trading volume.
Trading volume is often compared to fuel for market movements: for a trend to continue, it generally needs sustained trading activity to support it, but this is an observation, not a rule.
After a single spike in volume, if it quickly falls back, that surge is often just a brief pulse. Sustained high trading volume is more noteworthy.
Any indicator is a summary of price movements that have already happened, and prices can absolutely move in the opposite direction.
#SOL