Markets· ★★· bearish·

GRAM Falls 5.29% to $1.17, Tests $1.11 Support

  • —Daily volume of $77.84M, 18.61% above the 30-day average
  • —RSI at 29.7 and stochastic at 19.6 point to oversold without a reversal signal
  • —Price sits below the 7-, 15-, 30-, 50-, 90- and 200-day moving averages
  • —Down 22.75% in 30 days and 36.14% below its $1.83 all-time high
Why it matters: The drop on elevated volume below all key averages signals trend weakness; holding $1.11 will determine whether further downside follows.
Source: DiarioBitcoin