How to read a simplified 24h volume chart
Most people check crypto prices like watching a marathon, but the real secret to understanding the race isn't just where the runners are, it's *how many people are cheering*! 📣
Think of 24h volume like the buzz around a new restaurant opening.
When a spot like 'Viviana's Vegan Pizza 🍕' opens, everyone checks the line.
A long line (high volume) means lots of people are interested in the menu.
A short line (low volume) means not much is happening.
Most people just look at the price of a slice, but they completely miss how many slices are actually being traded.
They might buy a cheap slice without realizing nobody else is interested.
This is the trap - a low price on something like BNB doesn't tell the full story.
Therefore, a 24h volume chart shows you exactly how much of an asset (like BNB) was traded in the last day, like that restaurant's daily sales report.
High volume with a rising price means many are actively buying, meaning strong interest.
But, high volume with a falling price means many are actively selling.
The key takeaway: always look at volume alongside price.
It's not just what the price is doing, but how many people are involved.
Knowing this helps you see if a crypto's move is backed by genuine market interest or just a few trades.
It's like knowing if the 'sold out' sign is because it's popular or they only made three pizzas. 😉🍕
#CryptoBasics #VolumeChart #CryptoEducation
- Disclaimer: Sharing knowledge and insights as part of learning and growing together. For educational purposes only, not financial advice.
