The main feature on its chart is its jump above the 50-day ( ) on July 26. It’s formed a tight consolidation pattern above the line since. The current action differs from a moment like early July, when it failed to hold above that line.
Next, RIOT’s 8-day ( ) just crossed above the 21-day .
Third, prices recently tested and held the 200-day .
The other question for RIOT is obviously your outlook for Bitcoin , which just had its biggest two-week gain since March. It’s now making higher lows as it consolidates around $40,000. If prices continue higher from here, RIOT could break its five-month downtrend and head back toward their 2021 highs.
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