$SOXLB daily levels: a ceiling around 169.84 and 99.8 as the downside reference.
$SOXLB crossed below its 25-day average six sessions ago. The MA25 has flipped from support to resistance. $SOXLB is still 35.3% below its 90-day high of 169.84 — plenty of overhead supply sits between here and that high. Today's volume is running at 5.2x the 20-day average, so moves on that kind of volume are harder to fade.
Bulls need 146.99 back on a closing basis before this looks like more than a bounce.
$BNB is -1.99% over the same 24 hours. The closest liquid mover is $MUBARAK at -11.4%.
$SOXLB crossed below its 25-day average six sessions ago. The MA25 has flipped from support to resistance. $SOXLB is still 35.3% below its 90-day high of 169.84 — plenty of overhead supply sits between here and that high. Today's volume is running at 5.2x the 20-day average, so moves on that kind of volume are harder to fade.
Bulls need 146.99 back on a closing basis before this looks like more than a bounce.
$BNB is -1.99% over the same 24 hours. The closest liquid mover is $MUBARAK at -11.4%.