PYTH falls 5.83% intraday to $0.0761 on thin volume
- —Price $0.0761: down 5.83% from the open, up 0.04% versus the prior close
- —Volume $26.9 million, 41.9% below the 30-day average of $46.3 million
- —Trading below 7-, 15- and 30-day SMAs but above the 50-day ($0.0693) and 200-day ($0.0499)
- —RSI at 49.5 and bearish MACD show no oversold signal; 30-day volatility at 114%
Why it matters: Weakness below short-term averages on light volume offers no reversal signal; traders should wait for confirmation of the DAO buyback plan.
Source: DiarioBitcoin