$CTK 1-hour trading volume was approximately $5.32 million, 80.3 times the previous average; the price fell 1.63% over the same period.
Folks, what does a surge in trading volume mean? Here's a quick explanation👇
The multiple is relative: for a coin that usually sees little trading, a several-fold increase may be caused by just one or two large trades. The same multiple for a major coin is much rarer.
A price rise on increased volume is often interpreted as the rise being backed by trading activity, while a price drop on increased volume is often seen as a sign of heavier selling pressure—but these are just rules of thumb.
The same data can mean very different things in different market conditions, so don't apply any single rule blindly.
#CTK