50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Here’s how traders were alerted to RUNE’s, FUN’s, WAVES’ and KNC’s big rallies last week

Published 03/11/2022, 08:43 AM
Updated 03/12/2022, 12:00 PM

A digital asset’s price rally rarely comes out of the blue. Before the token’s market value explodes, some collateral forces come into motion. The asset can suddenly attract abnormally high online attention, its trading volume can go up dramatically, or some market-moving information can go public that triggers the first two examples. Mastering the art of crypto trading means learning to see those subtle cues early on.

Spiking trading volume is one of the signs that something interesting might be brewing around a crypto asset. Often, trading volume simply follows a price trend, with the coin entering a virtuous circle where its rallying price attracts more traders, boosting the volume accordingly. In other cases, abnormally high volume points to robust liquidity and rising investor interest, which can underpin further waves of appreciation.

RUNE: Big news boosts both trading volume and price

RUNE price (blue) vs. trading volume (purple), Feb. 25 – March 4. Source: TradingView/The TIE

FUN: Two trading volume pumps amid a rolling rally

FUN price (blue) vs. trading volume (purple), Feb. 25 – March 4. Source: TradingView/The TIE

WAVES: Volume spikes following price pump, anticipates even bigger one

WAVES price (blue) vs. trading volume (purple), Feb. 25 – March 4. Source: TradingView/The TIE

KNC: Strong price momentum following trading volume spike

KNC price (blue) vs. trading volume (purple), Feb. 25 – March 4. Source: TradingView/The TIE
Cointelegraph Markets Pro’s Unusual Trading Volume panel, March 10. Source: Cointelegraph Markets Pro

Continue Reading on Coin Telegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.