I think so too. If the volume of trades is high, this indicates the interest of users to this coin. And delta trading is also very important, so that purchases exceed sales in the average value.
In most cases, a large volume of trade indicates the rush of the asset. We see that even Bitcoin loses trading volumes from time to time. The interest of traders and investors can quickly run out. When research an asset should be aware of this.
One of the most important thing is capitalization of cryptocurrency. But the trading volumes are very important too.