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The trend of this wave of BANK's market movement is somewhat like a mountaineer finding support at the valley bottom and then starting to climb upward. Previously, the coin price dropped all the way to $0.04228, a level that made many bulls hesitant. But interestingly, at this low point, continuous buying pressure kept coming in, and the price subsequently oscillated upward from the bottom, reaching a high of $0.04709, then slightly retreated to $0.04510, with an intraday increase of 3.96%.
Looking at the trading data, it’s quite revealing—24-hour trading volume exceeded 3.27 million USDT, with a total volume of 73.09 million. Throughout the rebound, trading activity has been steadily increasing, indicating that funds are actively accumulating at the low levels. Those previous lows have now become the " footholds" for this wave of rebound.
**About how to operate**
For entry, it’s not recommended to chase the high now. A safer approach is to wait for the coin price to retrace to the $0.04300-$0.04400 range, then enter with a small position, relying on the recent key support levels for deployment.
Profit targets are viewed in two stages: the first target is around $0.04600, and the second target is at $0.04700. If the price truly breaks through the previous high, then it can continue to aim for $0.04800.
As for stop-loss, setting it at $0.04250 is more reasonable. Once this level is broken, the short-term upward trend is likely to weaken.
**My view**
This bottoming rebound of BANK looks like a result of bulls gathering strength beforehand. The 30-day gain of 4.98% demonstrates its medium-term resilience, despite a 66.91% decline over 90 days and a 30.12% drop over 180 days. There was indeed pressure earlier, but now the short-term downward momentum is diminishing.
As long as it doesn’t break the $0.04250 stop-loss level, you can hold a small long position. Friends who are looking to short currently don’t need to participate, because trading against the trend on coins rebounding from lows can easily lead to losses from the rebound. For long positions, patience is key—waiting for a retracement to buy low is a more secure way to capture subsequent upward opportunities.