Gnosis jumps 15% as volume explodes

1725% - GNO eyes $126 IF...
Retail arrived after whales accumulated. Did buyers inherit momentum, or become exit liquidity?
Gnosis [GNO] experienced massive upside momentum after breaking out of its consolidation range. The altcoin reached a monthly high of $141 before retracing slightly.
As of this writing, GNO traded around $114, up 15.2% on the daily chart. The rally was backed by a 1,725% surge in Trading Volume, which reached $15.6 million. In fact, Turnover jumped to a monthly high of $1.4 million, according to CoinAnk. Rising Turnover alongside price indicated stronger buying interest.
Gnosis' Market Cap also climbed over 17% to more than $300 million. This pushed GNO into CoinMarketCap's top 100 cryptocurrencies.
Why are retail traders buying Gnosis? GNO's rally appeared mostly driven by returning retail demand. Spot Average Order Size recorded retail-sized orders in the Spot market.
Retail traders and whales had recently stepped away. However, retail orders returned on the 18th of August.
Spot Average Order Size identifies order size rather than trade direction. Even so, Spot Taker CVD showed buyer dominance during this period.
Gnosis climbed 15.2% as Trading Volume surged 1,725% to $15.6 million.
GNO briefly reached a monthly high of $141
before retracing.#BTCBreaches69000Up6.43% #UnitreeTechSoars629%OnDebuts #GateEventPointsSystemLaunched #GateStockInsightsChallenge #SKHynixLargestBuybackEver $GNO