NIGHT Jumps 14.95% but Volume 44% Below Average Fails to Confirm the Move
- —Price at $0.0419 is just above SMA-30 but below SMA-20 and the $0.04257 daily high
- —Volume of $20.27 million versus a $36.18 million average, down 43.98%
- —Up 56.06% over 30 days and 130.65% over 90 days, but down 53.33% year-to-date
- —RSI at 55.9 and stochastic at 64.9 show no overbought conditions
Why it matters: A rally without volume or a catalyst is fragile; a break of $0.04257 or loss of the $0.0403 VWAP will set direction.
Source: DiarioBitcoin