BNKR crypto dips 27% from ATH! – Watch THIS key level next
Main Idea
BNKR crypto experienced a 27% dip from its all-time high after its Coinbase listing, with mixed signals for short-term traders and long-term investors due to high volatility and concentrated holdings.
Key Points
1. BNKR crypto retraced 27.8% in ten hours, dropping to $0.000823 from its all-time high of $0.00113, with a market cap of $83 million and daily trading volume of $39 million.
2. The Coinbase listing on July 30 spurred short-term bullish sentiment, but the token's price has since retraced, raising questions about sustainability.
3. The top 100 holders possess 56% of the supply, making BNKR highly vulnerable to price volatility, which is a concern for long-term investors.
4. Short-term traders may find opportunities at the $0.0008 support level, with potential for a bounce if buying volume increases above $0.00088.
5. The RSI dipped below neutral 50, indicating early signs of bearish momentum, while the OBV maintained its uptrend with low selling volume recently.
Description
The recognition by a top-tier centralized exchange with a listing has spurred short-term bullish sentiment, but this might not last.
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