Volume is the amount of crypto that is actively traded at a certain time, so the greater the volume, the more potential the coin/token will be and the easier it will be to transact. Conversely, if the volume gets smaller, it will be more difficult to trade at market prices, we are forced to sell at lower prices or users will keep crypto longer waiting for buyers at market prices.
For traders and investors volume analysis is considered important because it will provide perspective information on the continuation of the price of a crypto. Volume is also one of the important metrics in cryptocurrency to show price direction.
For traders and investors volume analysis is considered important because it will provide perspective information on the continuation of the price of a crypto. Volume is also one of the important metrics in cryptocurrency to show price direction.
