Bankroll [BNKR/TRX] Price Analysis: Token hits a reef as prices stumble in increasingly bearish climate

The cryptocurrency market has not just seen the rise and fall of major cryptocurrencies but also that of other nascent tokens. One of the upcoming tokens caught in a lurch right now was Bankroll token, with prices taking a slight tumble during the current bear season.

At the moment, Bankroll was stabilizing to a level that was still leaps above its September marks. The Bankroll community claimed that the number of updates and developments from the organization played a pivotal role in the token scaling price heights.

The Bankroll and TRX pairing has been much talked about in the world of virtual assets with the potential to become the face of Web 4.0. Despite the lacklustre performance over the past couple of months, the pairing was now coming into the market strong and confident. Over the past 24-hours, the BNKR/TRX pairing rose by 3.72 percent holding a price of 11.1 TRX. The 24-hour peak for the token was 12.25 TRX while the daily low held at 10.3 TRX.

At a time when the 24-hour volume had risen to 7587 BNKR, it makes sense to go through the token’s technical analysis and guage its upcoming patches, if any. The Chaikin Money Flow indicator BNKR displayed a sombre tone for the cryptocurrency as the graph fell below the zero line. This meant that the capital leaving the Bankroll market had overtaken the amount of capital coming in.

The Relative Strength Index for Bankroll had also fallen to the bottom of its respective graph, pointing to an upcoming bearish atmosphere. RSI’s fall to the extremities of the oversold zone further indicated that more people were selling Bankroll tokens than HODLing them.  Supporters of the cryptocurrency were weary but hopeful of the coming market changes. One of the main characteristics that give them hope is the fact that immediate support and resistance had remained unchanged for the past 12 days.