Price Movement: The price of ROBO has decreased by 7.49% to reach $0.04075, trading below the 7/25-day moving average, with immediate support at $0.0392 and resistance at $0.0447.Technical Indicators: The Relative Strength Index at 40 indicates a neutral bearish momentum, and the MACD is negative at -0.000965, with the price trading below the middle line of the Bollinger Bands.
Capital flows: The last hour recorded a net outflow of $2.56 million, as the volume of large sales ($3.39 million) exceeded seller purchases ($2.25 million), indicating a distribution process.
Setting up buying pressure driven by whales
Flip of the buy-to-sell ratio: The buy-to-sell ratio saw a dramatic shift from 0.30 to 1.04 over 24 hours, as the amount purchased by whales increased eightfold, from 6.5 million to 52 million tokens.
Center agreement: Whales and traders are now agreed on buying; the early buyers at $0.0445 are profitable, while those stuck in short positions at $0.0425 #Fabricrobo $ROBO
ROBO0.01698-4.92%