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The Band Protocol value prediction reveals that BAND is shifting bullishly with a achieve of 6.10%, because the coin prepares to cross above the channel.
Band Protocol Prediction Statistics Information:
Band Protocol value now – $2.05
Band Protocol market cap – $300 million
Band Protocol circulating provide – 137.4 million
Band Protocol complete provide – 141.8 million
Band Protocol Coinmarketcap rating – #178
BAND/USD Market
Key Ranges:
Resistance ranges: $2.40, $2.50, $2.60
Help ranges: $1.70, $1.60, $1.50
BAND/USD is crossing above the higher boundary of the channel because the coin prepares for the upside with a achieve of 6.10%. In accordance with the day by day chart, the candle formation could proceed to respect the upward motion, however sliding under the shifting averages may place the market value towards the south whereas the closest help degree may very well be positioned across the $1.95 degree.
Band Protocol Value Prediction: Band Protocol Value Could Reclaim the Upside
The Band Protocol value is heading to the upside as a rise above the channel might set off intense shopping for to the resistance ranges of $2.40, $2.50, and $2.60. Quite the opposite, the Band Protocol value could possible maintain the present market worth at $2.05 earlier than heading to the closest help degree of $1.80. Subsequently, if the Band Protocol value drops under this help degree, it could possible hit the closest help at $1.70.
In the meantime, the important help after this may very well be positioned across the $1.70, $1.60, and $1.50 ranges if the sellers return to the market. Nevertheless, the 9-day MA stays above the 21-day MA revealing that the market could achieve extra upwards if the bulls improve the shopping for strain.
BAND/BTC Consolidates to the Upside
Towards Bitcoin, the Band Protocol value is hovering above the 9-day and 21-day shifting averages. In the meantime, if the coin continues to rise, the closest resistance degree may very well be at 6000 SAT and above because the technical indicator factors to the upside.
Trying on the draw back; if the coin slides under the 9-day shifting common and heads towards the decrease boundary of the channel, the closest help degree may very well be positioned at 4500 SAT. Subsequently, if the value falls additional to create a brand new low, the help may very well be discovered at 4000 SAT and under. In the meantime, if the 9-day MA stays above the 21-day MA, this might imply that the market could commerce bullishly.
Options to Band Protocol
The Band Protocol value is buying and selling above the 9-day and 21-day shifting averages to hit the resistance degree of $2.24. The coin could proceed to rise if the value crosses above the higher boundary of the channel. In the meantime, Band Protocol might finish this present day on a greater observe, as the value might make a bullish cross above the channel.
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