BNKR crypto went parabolic after securing a listing on Coinbase. A confirmed breakout from an ascending broadening wedge now points to potential gains of over 60% in the coming weeks.
Summary
- BankrCoin surged over 60% after securing a spot listing on Coinbase’s Base network on July 30.
- A breakout from an ascending broadening wedge pattern now targets a 60% upside ahead.
- Rising exchange balances and an overbought RSI still point to a potential short-term correction before the broader uptrend resumes.
According to data from CoinGecko, BankrCoin (BNKR) rallied over to an all-time high of $0.00094 on Thursday, July, before settling at $0.00078 as of press time. The token’s market cap stood at $78.3 million, with daily trading volume surging to $33.1 million, significantly higher than the $8 million recorded at the start of the day.
BNKR rallied today after crypto exchange Coinbase officially listed the token on its Base network on July 30. The recognition from the leading exchange in the U.S. likely renewed investor interest in the token, leading to its price appreciation today.
Such occurrences are a recurring trend in the crypto space. As crypto.news reported earlier, REZ, the native token of staking protocol Renzo, shot up over 60% after a Coinbase listing in March.
But such rallies often don’t last, for instance, both Treehouse and Newton Protocol crashed by more than 40% shortly after similar listings. As such, traders should be prepared for a potential correction, especially as early investors look to lock in profits following the parabolic rally.
For those unaware, BankrCoin is the utility token powering Bankr, an AI-powered trading agent designed to simplify cryptocurrency trading and wallet management via natural language commands on social platforms like Farcaster and X.
The project has drawn a lot of attention due to its seamless integration of AI and social trading, allowing users to execute trades, set limit orders, and manage wallets simply by issuing text-based commands, eliminating the need for traditional exchange interfaces.
This surge in popularity is clearly reflected in BNKR’s price action. As of press time, the token remains 120% above its month’s low and has skyrocketed 9,400% from its year-to-date bottom.
BNKR price prediction
On the daily chart, BNKR began forming a rising broadening wedge pattern in April 2025. The two trendlines in this pattern slope upward and gradually move apart. As the gap between them widens, price swings grow larger, signaling an increase in volatility.
While this formation often signals exhaustion in an uptrend and typically results in a breakdown, BNKR has defied that expectation. The token broke above the wedge’s upper boundary with strong volume and renewed investor interest following its Coinbase listing.
In such cases, when momentum accelerates or a major external catalyst enters the picture, a traditionally bearish pattern can produce a bullish outcome instead.
Earlier today, BNKR’s price broke above the upper resistance line of the wedge at $0.00071, confirming a potential bullish breakout. The Support Trend indicator also flashed a green signal as the price moved above it, showing buyers are back in charge.
Additionally, the MACD lines have turned upward, accompanied by expanding green histogram bars, further suggesting that buying pressure remains dominant.
If BNKR successfully retests the $0.00071 breakout level and bounces from it, this would confirm the breakout. In that scenario, the price could rally toward $0.00113, a level that aligns with the projected height of the pattern. The target lies approximately 60% above the current price.
Will BNKR price correct?
Despite the bullish breakout, several cautionary signals have emerged that could limit further upside in the short term.
Exchange balances for BNKR have increased by 70% over the past seven days, now totaling 7.35 billion tokens per Nansen data. Such behavior often signals that traders may be getting ready to sell, likely to secure profits after the recent price surge.
In addition, the Relative Strength Index has reached 75, placing it firmly in overbought territory. While not a definitive bearish signal on its own, an RSI at this level often precedes short-term corrections or consolidation phases before the broader trend resumes.
As such, if bears manage to push the price down to $0.0005, a key support level, it could invalidate the breakout setup and signal a potential shift in short-term momentum back in favor of sellers.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
