$INIT -hour trading volume was about $118 million, 3.8 times the previous average; the price rose 16.88% over the same period.
Let’s talk about what’s behind this figure.
Trading volume refers to how many coins were traded over a period of time, while trading value converts that amount into money. The multiple in the post compares the current period with the average for a previous period.
A price rise on increased volume is often seen as a sign that trading activity is supporting the rise, while a price drop on increased volume is often interpreted as genuine selling pressure. But these are just rules of thumb.
Comparing several indicators is more reliable than looking at just one, but even more signals can’t provide a definitive answer.
#INIT
Let’s talk about what’s behind this figure.
Trading volume refers to how many coins were traded over a period of time, while trading value converts that amount into money. The multiple in the post compares the current period with the average for a previous period.
A price rise on increased volume is often seen as a sign that trading activity is supporting the rise, while a price drop on increased volume is often interpreted as genuine selling pressure. But these are just rules of thumb.
Comparing several indicators is more reliable than looking at just one, but even more signals can’t provide a definitive answer.
#INIT
