Riot Platforms, Inc.

$RIOT - can it hold on to that support?

135
RIOT is sitting on a support. It's trading below the 200-day moving average now. If current support fails, it can drop to $7.77.

Breaking below highlighted basing area was a bit worrisome.

Looks like there is a small bullish divergence in MACD and RSI. The bullish divergence in MACD and RSI is a positive sign. This suggests that there is some buying pressure at the current level. However, it is too early to say whether this divergence will lead to a trend reversal.

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