Bankr Retests EMA Ribbon Under $0.0004 📉 $PUMP already broke back above its EMA Ribbon in July and has kept climbing since. $BNKR is only now retesting its own ribbon from underneath. Robinhood Chain's launch has been fanning Bankr's creator fees and swap volume for weeks, and its 0.25% swap buyback goes back to the token. That launch shows up on the daily chart as the single largest green candle on it, followed immediately by an equally large red one, and Bankr has spent the weeks since digesting that move. None of that settles whether the chart agrees with the fundamentals. Short answer, it's hard to say. Making use of Heikin Ashi candles, MACD, and the EMA Ribbon to read weekly and daily charts, both timeframes show Bankr still working through a downtrend that started in late May. The daily has put in what looks like at least a short-term bottom, and price is pushing back up toward the lower edge of the EMA Ribbon, just under $0.0004. MACD confirms it on the daily too, having just flipped. That's at least a chance for some short-term relief. The real question is whether that relief holds into a real reversal, or we're due for another leg down. My gut says the latter. The weekly chart, on the same indicators, is still clearly in a downtrend, but the strength behind it looks like it's fading. Every spike down gets bought back up, leaving long upper and lower wicks on the candles. Volume spiked hard around that same move and has been fading back toward baseline, which reads as a normal cooldown, not a red flag on its own. Price is still under the weekly EMA Ribbon, so every downward move deserves respect until that changes. Pump's own weekly chart has a different problem, as it pushes into a level that's acted as resistance before, meaning the easier part of that move is probably already behind it. For now, I'm playing it safe on both. No leverage on either, just letting the structure of these two ranges guide me. #Altcoin Season# #Meme Alpha#