KOINUSDT - Visible Range Volume ProfileWhat is the Visible Range Volume Profile Indicator?
The Visible Range Volume Profile (VRVP) indicator calculates the volume profile within the visible range of prices, making it an ideal tool for traders who want to analyze the most recent market trends.
Observations
70% of the volume was traded between $0.09~$0.55 (shown on the chart by the 2 horizontal blue lines (Volume Area High, Volume Area Low).
The biggest trading volume was between $0.09~$0.18.
On the right-hand side, you can see the VRVP indicated by green and red horizontal bars. Most of the time in this period it is quite even, besides one bar ($0.28~$0.37) that shows a much higher Value Area Up.
Personal Opinion
In my opinion, what we can see in the VRVP indicator adds weight to the theory that during these low prices, there has been massive distribution and accumulation from a few whales to the ever-growing Koinos community. This of course, is great news for the future of Koinos Blockchain!
Feel free to share your thoughts in the comments below and thanks for reading.