Heavy volume on a down day demands a closer look.
$SNDKB trades at $1,200.76, dropping 12.47% over 24 hours on $72.77M in volume. Yet the last hourly volume surged to 2.69x the 23-hour average as price edged up 0.93% to $1,227.29.
This high-volume absorption near the 23-hour low of $1,200.4 hints at active participation.
If buyers reclaim the session high near $1,383.65, momentum could shift. Conversely, slipping below the recent low invalidates the bounce thesis.
Will a break above $1,383.65 confirm accumulation, or does a drop past $1,200.4 signal deeper distribution?
Tap $SNDKB for the live chart. #SNDKB #BinanceSquare
$SNDKB trades at $1,200.76, dropping 12.47% over 24 hours on $72.77M in volume. Yet the last hourly volume surged to 2.69x the 23-hour average as price edged up 0.93% to $1,227.29.
This high-volume absorption near the 23-hour low of $1,200.4 hints at active participation.
If buyers reclaim the session high near $1,383.65, momentum could shift. Conversely, slipping below the recent low invalidates the bounce thesis.
Will a break above $1,383.65 confirm accumulation, or does a drop past $1,200.4 signal deeper distribution?
Tap $SNDKB for the live chart. #SNDKB #BinanceSquare