RIOT looks positioned to potentially break past that $20 resistance level come January. The afterhours action today was pretty telling—$41 million worth of shares moving hands. When you see volume like that, it typically signals something's on the horizon. Institutional players don't usually move that kind of capital without reason. The chart pattern combined with this buying pressure suggests we might be looking at a significant move upside. Worth keeping tabs on how this develops over the next few weeks.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
4
Repost
Share
Comment
0/400
RatioHunter
· 01-08 05:52
Wait, 41 million in transaction volume, are you serious? This pace doesn't seem right.
View OriginalReply0
LightningHarvester
· 01-08 05:49
Institutions invested 41 million, this momentum is really pushing hard. Can RIOT break $20 this time?
View OriginalReply0
GweiTooHigh
· 01-08 05:44
A volume of 40 million USD, it's really not that simple. Let's wait and see.
RIOT looks positioned to potentially break past that $20 resistance level come January. The afterhours action today was pretty telling—$41 million worth of shares moving hands. When you see volume like that, it typically signals something's on the horizon. Institutional players don't usually move that kind of capital without reason. The chart pattern combined with this buying pressure suggests we might be looking at a significant move upside. Worth keeping tabs on how this develops over the next few weeks.