BANK/USDT

Current Price: $0.0391

Price Change: -5.33%

Market Cap: ~$15.14 million (based on current price and circulation)

24h High/Low: $0.0429 / $0.0386

24h Trading Volume (BANK): 26.05 million

24h Transaction Amount (USDT): 1.0592 million

Sector: DeFi, New Coins

Price Trend Analysis

Trend: The 15-minute chart shows that after a significant drop to $0.0386, the price is currently in a low-level oscillation phase. Although it is still in a downward channel overall, there are signs of stabilization around $0.0390 recently.

Moving Averages:

MA(7): 0.0392

MA(25): 0.0392

MA(99): 0.0403

The price is currently slightly below MA(7) and MA(25), which have begun to flatten and converge, indicating a weakening of bearish momentum in the short term, and the market is choosing a direction.

Trading Volume: 24h transaction amount is about 1.06 million USDT, which has shrunk compared to earlier, showing that selling pressure around $0.0390 has been digested to a certain extent.

Buy/Sell Ratio: Buy orders account for (55.25%) higher than sell orders (44.75%), indicating a recovery in buying interest in the current price range.

Potential Trading Zone

Entry: 0.0388 – 0.0391 (reference to the current oscillation midpoint and recent support)

Targets:

TP1: 0.0395 (recent oscillation small high resistance)

TP2: 0.0403 (MA(99) trend resistance)

TP3: 0.0410 (previous rebound high point)

Stop Loss: 0.0384 (defense after breaking the intraday lowest support level of $0.0386)

Summary

BANK is currently in a weak recovery phase after a decline. Although the price has not changed the long-term downward trend, strong support is evident around $0.0386. In the short term, attention should be paid to whether the price can break through and stabilize above $0.0392 (MA7/25); if successful, it is expected to trigger a rebound towards the $0.0400 mark. It is recommended that traders remain cautious and approach with a range oscillation mindset. @Lorenzo Protocol #LorenzoProtocol $BANK