Yet while @Mira may be consolidating in response to recent periods of intense pressure, there are other narratives at play. Perhaps most fundamentally, there is the issue of liquidity. During periods of consolidation, there can be periods where #MIRA is seeing less volume. As such, each move in either direction can have considerable weight. The engine behind any active market is its liquidity. As such, when this increases, so too does volatility. Conversely, as it decreases, so too does its relationship to price action.
During periods where there is less trading activity, there can also be periods where there are more tokens available. As such, if there is a rise in demand while there are limited tokens available, there can be considerable moves. Conversely, if there is a loss in liquidity, then there can be considerable moves in either direction as each trade can have considerable weight.
MIRA
0.0872
-11.20%