Markets· ★★· bearish·

Sky (SKY) drops 7.57% on October 14, losing short-term momentum

  • —SKY fell 7.57% to $0.0711283, with an intraday low of $0.0709024
  • —Daily volume of $20.35 million was 41.31% below the 30-day average
  • —Price sits below the 7-, 15- and 30-day SMAs but above the 90- and 200-day SMAs
  • —RSI at 43.3 and a negative MACD histogram show no bullish reversal
Why it matters: The drop came without a confirmed catalyst and on weak volume, so it does not break the longer-term trend but highlights fragile short-term momentum.
Source: DiarioBitcoin