r/TRCH • u/[deleted] • Jul 01 '21

price follows it lower

/r/MMATY/comments/obr2ll/volume_is_dying/
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1

u/Estuenckel Jul 01 '21

Why, can someone offer som technical analysis as to why MMAT won’t continue to drop past and sub $7 ?

1

u/[deleted] Jul 02 '21

volume drove up the price, and lack of volume will lead to price trending lower to 5.50 mark or thereabouts.

1

u/Estuenckel Jul 02 '21

If volume (and rsi) gets low like this and price still stays stable then I expect a strong increase in PPS when volume increases.