$BANK — consistent sell pressure pushing price back to local lows
BANK is trading around 0.0412, down –2.37% on the day.
The 24h high hit 0.0439, while the low touched 0.0407, showing that sellers are still driving the short-term momentum.
Price has been sliding steadily since failing to stay above 0.0477, and the short-term trend confirms weakness — MA(7) and MA(25) are both sloping down, with price trading below them. BANK is now approaching the previous local floor at 0.0401, a key support level.
Why the move?
• Continuous lower highs → bearish structure
• Short-term MAs rolling over → momentum fading
• Weak bounce attempts + declining volume
• Sellers defending the 0.044–0.045 zone
Key Levels
• Support: 0.0407 / 0.0401 / 0.0394
• Resistance: 0.0422 / 0.0441 / 0.0450
Trend
Short-term: Bearish, with clear downward slope.
Mid-term: Neutral–bearish, unless BANK reclaims 0.044+.
Trade Idea
If $BANK holds above 0.0401, a small relief bounce toward 0.0422–0.0441 is possible.
If it breaks below 0.0401, momentum may accelerate toward 0.0394 or even lower.
