Geez, brutal day for Bitcoin Depot , investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to
hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value.
Currently BTM isn't at a clear support/resistance line that seems tradable. Bitcoin Depot hasn't shown a lot of strength recently, shareholders don't seem that energized about the asset's future prospects. BTM might find some support at the 1.59 level, buyers might push the price back up from here. But it's not very clear what will happen.
