$NFP Price Volatility Watch
Down 65.8% in 24h, current price $0.00181, 24h trading volume $3.83 million
Yesterday, NFP surged by around 65.8% at one point, but today it has given back nearly all of those gains, with the price returning close to its previous low. There is no clear news catalyst; the move appears to be a sell-off following unusual capital flows.
The current price is close to the 24h low of $0.00168, with resistance at $0.0057 (the 24h high). In the short term, watch to see whether trading volume picks up and the price stabilizes. A break below the previous low could open up further downside, so avoid chasing the rally.
Down 65.8% in 24h, current price $0.00181, 24h trading volume $3.83 million
Yesterday, NFP surged by around 65.8% at one point, but today it has given back nearly all of those gains, with the price returning close to its previous low. There is no clear news catalyst; the move appears to be a sell-off following unusual capital flows.
The current price is close to the 24h low of $0.00168, with resistance at $0.0057 (the 24h high). In the short term, watch to see whether trading volume picks up and the price stabilizes. A break below the previous low could open up further downside, so avoid chasing the rally.