Plunge in BNKR crypto by 27% from its All-Time High! Focus on this critical level going forward
BankrCoin [BNKR], the utility token for the AI-powered trading agent Bankr, has seen a significant increase in exchange balances over the past seven days, according to data from Nansen. This surge comes after the token's listing on Coinbase, which helped it reach a $100 million market cap.
However, the recent price action for BNKR includes both a strong uptrend driven by institutional support and a sharp short-term pullback. The token reached an all-time high around $0.00113, but has since retraced 27.8% to about $0.00082 as of early August 2025.
Technical analysis suggests that BNKR has formed a rising broadening wedge pattern since April 2025, a pattern which can signal increased volatility and a possible reversal. The recent dip from the all-time high indicates short-term selling pressure, but the market cap remains robust above $80M to $100M with active platforms supporting the coin.
This short-term volatility and potential further dips could be due to profit-taking or technical correction after BNKR's parabolic rise. However, the overall uptrend could resume if positive fundamentals like Coinbase backing and Baseapp integration continue to drive demand.
As of the current data, BankrCoin [BNKR] has a market cap of $83 million. The RSI (Relative Strength Index) for BNKR has dipped below neutral 50, indicating a potential bearish shift in momentum. However, the OBV (On-Balance Volume) for BNKR has maintained its uptrend, suggesting that buying pressure is still present.
The 61.8% retracement level for BNKR is at $0.0008 and has confluence with a bullish order block from the 31st of July. A bounce above $0.00088 would indicate a short-term uptrend for BNKR.
Traders can wait for the BNKR price reaction at the $0.0008 region. Monitoring key support levels around $0.0008 and market sentiment would be crucial to assess the near-term direction. It's important to note that a drop below $0.0008-$0.00073 would be a bearish market structure shift for BNKR.
The daily trading volume of BNKR is $39 million, according to CoinMarketCap data. Selling volume for BNKR has not been high in recent hours.
It's crucial to remember that this article does not constitute financial, investment, trading, or other types of advice. Always do your own research and consult with a financial advisor before making investment decisions.
Sources: - Nansen - CoinMarketCap
- Despite a recent pullback, BankrCoin (BNKR) has maintained its market cap above $80M to $100M due to active platforms supporting the coin.
- A bounce above $0.00088 for BNKR could indicate a short-term uptrend, with the 61.8% retracement level for BNKR at $0.0008.
- Traders should carefully monitor key support levels around $0.0008 for BNKR and consider market sentiment to assess the near-term direction.
- The daily trading volume of BNKR is $39 million, according to CoinMarketCap data, although selling volume for BNKR has been relatively low in recent hours.
