Markets· ★★· bearish·

BGB drops 7.56% to $1.96 as volume spikes 282% above average

  • —BGB fell 7.56% in 24 hours to $1.96, with an intraday low of $1.90
  • —Daily volume hit $42.53 million, 282% above the 30-day average
  • —RSI at 50.9 and a flat MACD signal indecision after the drop
  • —BGB trades 76.79% below its all-time high of $8.48
Why it matters: The sharp drop on abnormal volume points to a large sell order or profit-taking in the thin market for an exchange token.
Source: DiarioBitcoin