$ADA Chip distribution observation:
Trading volume was 1.8 times the 20-day average → a large amount of shares changed hands near the 90-day low.
A high-volume break below the previous low of 0.1657 is usually interpreted in one of two ways: major investors are exiting en masse (a bearish sign), or panic selling is being concentrated and large funds are buying at low levels (possibly indicating that a period of consolidation is nearing its end). The way to tell is to see whether the price recovers above the previous low.
Trading volume was 1.8 times the 20-day average → a large amount of shares changed hands near the 90-day low.
A high-volume break below the previous low of 0.1657 is usually interpreted in one of two ways: major investors are exiting en masse (a bearish sign), or panic selling is being concentrated and large funds are buying at low levels (possibly indicating that a period of consolidation is nearing its end). The way to tell is to see whether the price recovers above the previous low.