Just as we expected, $BANK rejected the main resistance level and continued moving lower....
$BANK has already seen a sharp rejection from the top of the recent levels, and a bounce back to around 0.1695 looks more like a corrective relief bounce rather than a confirmed trend reversal based on this chart alone.
If the price fails to reclaim 0.18–0.19, the bearish move may continue toward the support zone at 0.15–0.14.
If buyers can push the price and keep it above 0.20, recovery chances toward 0.23–0.25 will become more likely.
The 0.18–0.20 zone is the most important level to watch next time.
$BANK has already seen a sharp rejection from the top of the recent levels, and a bounce back to around 0.1695 looks more like a corrective relief bounce rather than a confirmed trend reversal based on this chart alone.
If the price fails to reclaim 0.18–0.19, the bearish move may continue toward the support zone at 0.15–0.14.
If buyers can push the price and keep it above 0.20, recovery chances toward 0.23–0.25 will become more likely.
The 0.18–0.20 zone is the most important level to watch next time.