Been through many bull amd bear markets amd this feels very pumpy right now. Seems like a consolidation at this point amd people are stocking up on coins amd tokens. Could be wrong but I think come nov/Dec we start to see some positive movement upwards amd then spring of 2025 we have a full bore bull run with more of the "normal" population starting to get involved. No clue where this one goes but I think it's going to be the biggest volume in crypto we've seen in it's 15 year history. Just my 2 cents.
I do agree that it could go high, and that volume would be mainly all the people who get in. Remember, on each new hype and bull period we get new people, so this would be the period we get new people too, and that means we are going to have volume of people buying, because "new" people do not get in to sell, they do not have any to sell, they would be easier to have weak hands because the yare new, but first they need to buy, and veterans already know a bull run when they see it, so it wouldn't really be a big issue for them.
All in all I think it's clear that we need to just focus on the possibility of price going up. I agree with the volume thing, I am just saying what that volume would entail and what it would cause, an upwards movement not downwards.