GRAM Falls 2.42% to $1.21, Nears Fibonacci Reference at $1.19
- —Daily volume of $46.04M is 43.98% below the 30-day average
- —RSI at 29.6 and stochastic at 11.1 show oversold pressure; MACD still bearish
- —Price trades below all reported moving averages, from SMA-5 to SMA-200 at $1.45
- —Market cap $3.45B; ATR at 4.6% of price, 30-day annualized volatility 53.1%
Why it matters: Oversold readings without volume confirmation do not signal a reversal; traders may watch for a reclaim of the $1.24 intraday VWAP.
Source: DiarioBitcoin