Sort of depends what levels your looking at, as it's a bit nuanced at the moment with CRR hovering around the 9.9c to 10.5c range and the change in trading SP increments changing between 0.1c and 0.5c
IMO you need to compare actual price levels e.g. on the image below you could say there are 58 buyers willing to buy in total about 5.5M shares in the price range 9.0c to 9.9c which is 10 price levels on the depth.
Compare it to the sell side, for a 1c increment from 10.0c to 11.0c which is only 3 prices levels on the depth, where there are 34 sellers willing to sell 3.2M shares in that range.
So comparably, for that price range, 1c either side of last trades, the depth is saying there is reasonable support on the buy side with almost double the amount of shares being bid on compared to those being sold. So if the buyers in this price range decided they wanted in at any price they would gobble up the 3.2m on offer and start to eat into the 12.5c level, not a hard scenario to imagine with a good announcement.
Not really sure what I'm saying except to be careful to compare apples with apples when compare the buys/sells
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