Back to collectionAn Intraday High That Would Not Hold
Price and trading had only just begun moving together again, and the narrator was watching to see how far the rise could go. XAI touched $0.0126 during trading, its highest point so far this month, then fell back. The upward move was more striking than the previous day’s modest pickup in trading, but the quick retreat made the excitement of chasing it hard to sustain.
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Price and trading had only just begun moving together again, and the narrator was watching to see how far the rise could go. Some in the community still hoped the market would supply an answer for the project. His cautious notes from the preceding days reminded him that an intraday high was only a moment in a day.
XAI touched $0.0126 during trading, its highest point so far this month, then fell back. The narrator recorded the price it reached and added the retreat immediately, so that someone later reading the attractive figure would not mistake it for a level held all day. He did not describe the surge as a breakout that had already held.
The upward move was more striking than the previous day’s modest pickup in trading, but the quick retreat made the excitement of chasing it hard to sustain. The monthly high offered a level to watch. What remained was to see whether the price could approach it again and whether progress in games could be noticed on its own terms.