$BANK experienced a short liquidation of $1.3221K at $0.03726, highlighting volatility in its current correction phase. Price continues to trade below critical moving averages (7-day, 30-day, 50-day, and 200-day), confirming that bearish momentum dominates. The break below the main pivot point and the loss of key Fibonacci retracement levels reinforce ongoing selling pressure.
Momentum indicators point to oversold conditions, with the RSI signaling potential short-term relief bounces, while the MACD remains under bearish control. The 24-hour price range, coupled with elevated selling volume and net outflows, suggests distribution persists across the market.
Support zones to monitor are $0.0365 and $0.036–$0.0362, with downside risk extending to $0.035–$0.0352. Resistance lies at $0.038–$0.0385 and $0.039–$0.0395, which must be reclaimed to shift momentum. Short-term rebounds are possible, but the broader trend remains weak. Always DYOR and watch for volume confirmation before acting on reversals.
#USRetailSalesMissForecast #USNFPBlowout #TrumpCanadaTariffsOverturned
BANK
0.0418
+25.15%