BankrCoin (BNKR) Faces Potential Volatility After Coinbase Listing Amid Mixed Holder Data
Main Idea
BankrCoin (BNKR) experienced significant volatility after its Coinbase listing, with a sharp price surge followed by a 27.8% retracement, testing key support levels amid concerns over holder concentration and increased exchange balances.
Key Points
1. BNKR surged to an all-time high of $0.00113 post-Coinbase listing but retraced 27.8% within ten hours, falling to $0.000823.
2. Market cap reached $100 million at peak but currently stands at $83 million with daily trading volume around $39 million.
3. Top 100 holders control 56% of BNKR supply, increasing price volatility risk.
4. Exchange balances rose by 44.6%, indicating potential selling pressure.
5. Key technical levels include the 61.8% Fibonacci retracement at $0.0008, with OBV indicating buying interest but RSI signaling potential bearish momentum.
Description
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