Markets· ★★· bearish·

FIL drops 7.19% to $0.96, testing key near-term support

  • —Price at $0.9597 versus a $1.03 open and a $0.9545 intraday low
  • —Daily volume of $170.5 million, 6.72% below the 30-day average
  • —RSI at 43.8 and a negative MACD histogram point to weak momentum
  • —Trading below the 7-, 15- and 30-day SMAs but above the 90- and 200-day
Why it matters: Holding the 90- and 200-day averages will determine whether FIL's pullback stays a correction or turns into a deeper decline.
#FIL
Source: DiarioBitcoin
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