VVV Jumps 8.5% to $24.33 but Volume Sits Nearly Half of Average
- —Price at $24.33, up 8.50% on the day, still 29.39% below the $34.45 all-time high
- —Volume of $28.63 million is 48.86% below the 30-day average of $55.99 million
- —Price holds above SMA-50 ($23.37) and SMA-200 ($15.03) but stays below SMA-7 ($25.36) and SMA-30 ($26.85)
- —MACD is bearish, RSI at 46, annualized volatility at 123.9%
Why it matters: A rally without volume or a catalyst does not confirm a reversal; traders need volume back to average and a break of short-term averages.
Source: DiarioBitcoin