The average monthly trading volume of the coin is $1.6 billion, below the annual average of $2.5 billion. This moderate volume indicates that the asset may be in a consolidation phase, accumulating potential for the next round of altcoin season.
From the chart, the green circles indicate the periods when the monthly volume fell below $1.6 billion, including early 2023, the second half of 2023, and from August to September 2024. During these phases, lower trading volume typically precedes significant price increases in altcoins.
