BANK /USDT
The price of BANK is at 0.0413 down about 5.9 percent in the last 24 hours so it has pulled back after the recent rise
Yesterday the price reached a high of 0.0477 then dropped to 0.0435 before bouncing slightly
Looking at the moving averages the short term averages EMA 7 and EMA 25 are above the current price around 0.0453 to 0.0454 and the long term EMA 99 is at 0.0465
This shows that bears are currently in control and momentum is to the downside
What to watch is if BANK can climb above 0.0455 that would be positive otherwise we might retest the recent low at 0.0435 Also pay attention to volume because strong moves on high volume carry more weight
Bottom line it is cooling off after the recent peak Watch for a move above the short term averages before expecting a recovery
As always this is not financial advice just my observation from the charts
