$BANK token, which is a new DeFi project, has been listed today at $0.0394 (Rs 11.03) and has already marked an entry of +2.07% on its first day.
The sentiment is somewhat neutral, as the order book appears almost balanced (Buyers: 49.54%, Sellers: 50.46%). Its first resistance or test is at $0.0395**. If this level is cleared, the next target could be **$0.0398 and then up to $0.0402.
Support, or the strong foundation below, is seen in the area of $0.0388-0.0390. Moving averages are also around this price, indicating that the market is allowing this new token to discover its value. New listings tend to have higher volatility, so it's advisable to exercise some caution. However, if you are looking for early DeFi gems, this is a listing to keep an eye on. Just remember to check the details when depositing in a new bank!
