Attention traders! 🚨 $BANK/USDT is making waves with an explosive +15.53% and a current price of $0.07269. Interesting movement!
The buying volume surged in the morning, surpassing the selling volume around 10:25, which fueled this rally. It seems the bulls are eager for battle. The 7-period moving average ($0.072176) is acting as a good support, while the 25-period moving average ($0.070025) closely follows the trend.
However, we need to pay attention to the Long/Short average data. We see a spike in short positions surpassing the long ones just before 10:30, which could have been an attempt to suppress the price or a forced liquidation for those betting on a decline. Pure manipulation to clear the way! Afterwards, the longs regained ground, which could indicate they are looking for a bullish continuation.
Patience will be key, but traders alert to a possible consolidation above $0.07200 could find a good opportunity. If it holds that level, we could see a continuation towards new highs!
