Markets· ★★· bearish·

WLD drops nearly 10% to $0.393, tests 200-day moving average

  • —WLD trades 6.13% below its intraday VWAP of $0.4191
  • —RSI at 35.5 and stochastic at 3.2 show weakness, no confirmed bottom
  • —Volume of $356.06 million, 1.62% below the 30-day average
  • —Price sits at the lower Bollinger Band; ATR of $0.0436 equals 11.1% of price
Why it matters: Losing the 200-day average on soft volume risks further downside for WLD, though the lack of a clear catalyst suggests the move may be technical.
Source: DiarioBitcoin