Why "Volume" is more important than "Price"
You might check the price of your favorite crypto like Solana every day, but focusing *only* on price can be a huge trap! What if I told you there's a secret ingredient that truly shows what's happening behind the scenes? 🤫
We all check the price of our favorite coins, like Solana, constantly, right?
It feels like the most important number! But what if I told you that price alone is like looking at a single price tag in a bustling market?
🕵️♀️ 'Volume,' on the other hand, is like counting how many shoppers are actually lining up and buying those goods.
Most people just focus on the price, seeing it go up or down, and assume they understand the whole story, but that can lead to some confusing decisions.
Therefore, looking only at price is like seeing a lone shopper buy a pastry at a certain cost - it doesn't tell you if it's a trend or just one person's whim.
If Solana's price goes up, but there's very little 'volume' (few people buying), it could be a weak move that quickly reverses.
But if the price rises with high volume, that shows strong, collective interest and conviction.
The lesson?
Always pair price movements with volume to understand the true strength and sustainability of a trend.
It helps you feel more confident about what's really happening! 💡
#CryptoTips #TradingVolume #MarketAnalysis - Disclaimer: Sharing knowledge and insights as part of learning and growing together. For educational purposes only, not financial advice.