The market this weekend is truly surreal, with altcoins flying around like fireworks during the New Year. It's basically a PVP free-for-all, and everyone wants to grab the last piece of meat.
These altcoin project teams are really clever: they take advantage of the weak liquidity over the weekend to play with pump and dump schemes. Retail investors look at the K-line chart as if they are on a roller coaster, sometimes in heaven and sometimes in hell.
To be honest, this chaos also indicates that market sentiment has indeed risen. As long as there is buying capital, even the worst projects can take off. The question is, what happens after they take off? Most of them still have to return to square one.
Looking at the trend of BANK, the technical indicators are indeed good; MACD and EMA are both in sync. This kind of bullish formation should have more room for upward movement in the short term.
The concept of Lorenzo Protocol sounds like it's aimed at creating structured products. Similar to the asset management model in traditional finance, but brought onto the blockchain. However, for such projects, the key is whether they can truly materialize; we don't want another story of empty promises.
1.89 million BANK community activities is not a small number. If participation is high, there could be good momentum in the short term. But be aware, such airdrop activities often bring selling pressure, so we need to watch the subsequent support strength.
Overall, with the combination of technicals + narrative + community activities, the outlook is bullish in the short term. But still, as I said, the logic of altcoins changes quickly; they rise fast and fall quickly, so managing positions is quite important.
