SKY drops 8.06% to $0.0801 on volume 40% above average
- —Price at $0.0801: down 8.06% on the day but up 16.85% over 30 days and 39.66% over 90 days
- —Volume of $47.4 million was 39.92% above the 30-day average; volume-to-market-cap ratio rose to 2.53%
- —Price sits below SMA-7 ($0.0880) and VWAP but above SMA-30 ($0.0731) and SMA-200 ($0.0670)
- —Moody's assigned Sky a B3 rating and warned its reserves remain thin
Why it matters: Heavy volume on the decline and a weak Moody's rating raise the risk of further downside if SKY loses the $0.0790 support.
Source: DiarioBitcoin