Markets· ★★· neutral·

PYTH Jumps 11.85% but Trading Volume Fails to Confirm the Move

  • —PYTH price is $0.0815, market cap around $642 million
  • —Volume of $33.38 million is 28.02% below the 30-day average
  • —RSI at 54.3, MACD below its signal line, price under SMA-7 and SMA-10
  • —Up 28.53% over 30 days and 74.68% over 90 days
Why it matters: A rally without volume and with a bearish MACD raises the risk of a pullback toward $0.0792 support.
Source: DiarioBitcoin