$ONDO 1-hour trading volume was approximately $28.35 million, 11.9 times the previous average; the price rose 6.51% over the same period.
A beginner’s burning question: What does a surge in volume actually indicate?
Minute-level volume spikes are relatively likely to be random. A spike in a single candlestick may simply reflect a burst of concentrated trading; several consecutive high-volume candles are more informative.
A sudden pickup in trading only proves that everyone has gotten busier; it doesn’t prove which side is right.
All data summarizes past market movements, and prices can turn in the opposite direction at any time.
A beginner’s burning question: What does a surge in volume actually indicate?
Minute-level volume spikes are relatively likely to be random. A spike in a single candlestick may simply reflect a burst of concentrated trading; several consecutive high-volume candles are more informative.
A sudden pickup in trading only proves that everyone has gotten busier; it doesn’t prove which side is right.
All data summarizes past market movements, and prices can turn in the opposite direction at any time.
