BANK has recently experienced a rapid surge and is now entering a short-term consolidation phase. The current price is around 0.0361, and the position is interesting — it is supported by the 7-day moving average and the 25-hour moving average (at 0.0344 and 0.0346 respectively), but has not yet touched the resistance level of the 99-hour moving average at 0.0371. Therefore, the bullish and bearish forces are temporarily balanced, with a slight bias towards the bulls.
The key is whether it can break above the 0.037 to 0.039 range. If it truly breaks through, there is an important target zone between 0.04 and 0.044, which is near the previous high during the rally. Breaking this level could lead to a push higher.
Support levels below are not a major concern; recent lows are at 0.0335, with short-term support between 0.035 and 0.033. From the trading volume perspective, the surge was accompanied by a significant increase in volume, which is a good sign. However, whether it can continue to rise depends on whether volume follows through in the future, especially whether it can hold the critical 99-hour moving average — this will determine the continuation of the short-term trend.
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MEVHunter
· 12-18 13:46
Hmm... the range between 0.037 and 0.039 is really critical. Once broken through, there will be a story to tell, but I'm more concerned about whether the volume will follow through—that's what truly determines life or death.
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InscriptionGriller
· 12-18 13:26
Another newbie harvesting machine is on the way; the 99-hour moving average position is just a trap.
BANK has recently experienced a rapid surge and is now entering a short-term consolidation phase. The current price is around 0.0361, and the position is interesting — it is supported by the 7-day moving average and the 25-hour moving average (at 0.0344 and 0.0346 respectively), but has not yet touched the resistance level of the 99-hour moving average at 0.0371. Therefore, the bullish and bearish forces are temporarily balanced, with a slight bias towards the bulls.
The key is whether it can break above the 0.037 to 0.039 range. If it truly breaks through, there is an important target zone between 0.04 and 0.044, which is near the previous high during the rally. Breaking this level could lead to a push higher.
Support levels below are not a major concern; recent lows are at 0.0335, with short-term support between 0.035 and 0.033. From the trading volume perspective, the surge was accompanied by a significant increase in volume, which is a good sign. However, whether it can continue to rise depends on whether volume follows through in the future, especially whether it can hold the critical 99-hour moving average — this will determine the continuation of the short-term trend.