BAN/USDT Price Action Update: Pullback or Trend Reversal?
The 4H chart for BAN/USDT is showing some intriguing moves. After a strong rally that took the price as high as $0.07633, we've now seen a significant retracement to around $0.06015, marking a 4% drop in the last session.
Key Observations:
MACD: Still bullish but momentum is fading. The histogram is shrinking, suggesting weakening buying pressure.
Support zone: Eyes are on the previous low at $0.04143—a crucial level for the bulls to defend.
Volume: 24H trading volume for BAN is 53.49M, showing continued interest despite the dip.
My Take: This could be a healthy correction before the next leg up—but confirmation is key. A bounce from $0.055–$0.058 support with increasing volume would strengthen the bullish case.
What’s your view on BAN? Will it reclaim $0.07 soon or is this the start of a deeper pullback?
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