$NIL is up 14.3% in 24 hours on $12M volume, pushing above its 7-day range high of 0.0543 earlier.
The current price of 0.0492 sits above the EMA20 at 0.0485 and EMA50 at 0.0459. After hitting 0.0543, it's pulled back but held above yesterday's open. This looks like a relief rally in a Fear market (F&G 34).
The move above 0.0543 could be a false breakout. I'd watch a close below 0.0485 (the EMA20) as invalidation for any immediate continuation.
Would you expect more upside if the market stays fearful?
$NIL
The current price of 0.0492 sits above the EMA20 at 0.0485 and EMA50 at 0.0459. After hitting 0.0543, it's pulled back but held above yesterday's open. This looks like a relief rally in a Fear market (F&G 34).
The move above 0.0543 could be a false breakout. I'd watch a close below 0.0485 (the EMA20) as invalidation for any immediate continuation.
Would you expect more upside if the market stays fearful?
$NIL