#币安广场 GT This drop is getting interesting.
Current price: 9.19, down 7.8% in 24 hours after sliding all the way from 9.8. But volume hasn't picked up—today's trading volume is only 6.35M, less than 60% of the 7-day average of 11.06M. There was 20M in volume on the 11th without a drop, so today's decline is happening on low volume.
The RSI is already at 27.6, in oversold territory. The price is hugging the lower Bollinger Band at 9.21, while MA7 at 9.51 and MA25 at 9.68 are both overhead. The MACD is still in a death cross.
Two possible scenarios: holding around 9.08 and recovering 9.51 on rising volume would be the first sign of a bottom. If it breaks below 9.08 on rising volume, then the 7-day low of 8.83 could be next.
$GT
Current price: 9.19, down 7.8% in 24 hours after sliding all the way from 9.8. But volume hasn't picked up—today's trading volume is only 6.35M, less than 60% of the 7-day average of 11.06M. There was 20M in volume on the 11th without a drop, so today's decline is happening on low volume.
The RSI is already at 27.6, in oversold territory. The price is hugging the lower Bollinger Band at 9.21, while MA7 at 9.51 and MA25 at 9.68 are both overhead. The MACD is still in a death cross.
Two possible scenarios: holding around 9.08 and recovering 9.51 on rising volume would be the first sign of a bottom. If it breaks below 9.08 on rising volume, then the 7-day low of 8.83 could be next.
$GT
