Band Protocol Price Prediction for Today, April 16 – BAND Technical Analysis

The Band Protocol worth prediction exhibits that BAND may renew the bullish development after testing the help degree of $1.34 in the present day.

Band Protocol Prediction Statistics Information:

Band Protocol worth now – $1.34
Band Protocol market cap – $199 million
Band Protocol circulating provide – 141 million
Band Protocol whole provide – 145 million
Band Protocol Coinmarketcap rating – #271

BAND/USD Market

Key Ranges:

Resistance ranges: $2.20, $2.40, $2.60

Assist ranges: $0.60, $0.40, $0.20

BAND/USD has been hovering round $ 1.34 after touching the every day excessive of $1.54. The Band Protocol worth is more likely to cross beneath the decrease boundary of the channel with a lack of 10.22% previously few hours. Regardless of touching the every day excessive, the coin continues to be hovering beneath the every day excessive of $1.54 and it’s more likely to head towards the draw back.

Band Protocol Value Prediction: What May Be the Subsequent Path for Band Protocol Value?

In accordance with the every day chart, the Band Protocol worth is shifting towards the south and any additional bearish motion may hit the closest help at $1.20. The Band Protocol (BAND) hits the every day excessive at $1.54 earlier than retreating to the place it’s at the moment buying and selling. Taking a look at it from above, extra bullish actions might come into play if the market worth heads towards the higher boundary of the channel, and the closest resistance degree might be discovered at $2.00.

Nevertheless, merchants can see that the every day motion stays within the palms of the bears however, a break into the constructive facet might more than likely push the coin towards the potential resistance ranges of $2.20, $2.40, and $2.60, whereas a drop beneath the decrease boundary of the channel might result in the helps of $0.60, $0.40, and $0.20 respectively.

BAND/BTC Might Acquire Extra Helps

Towards Bitcoin, the Band Protocol is seen shifting bearishly beneath the 9-day and 21-day shifting averages. After the coin touched the every day excessive at 2331 SAT in the present day, the coin later retreated to the place it’s at the moment buying and selling. In the meantime, the worth retains shifting to the south as sellers put stress in the marketplace.

However, ought to the sellers enhance the stress, the Band Protocol worth might drop to the help of 1350 SAT and beneath. Now, the technical indicator exhibits that the market might proceed to face the draw back because the resistance degree might be situated at 3000 SAT and above.

Afterward, @CrypsieGypsie shared with their followers on X (beforehand referred to as Twitter) that $BAND is experiencing a bullish development above its help degree, probably aiming for $1.624, $1.859, and $2.048, with a vital help degree at $1.382.

$BAND is exhibiting bullish motion above help and will goal $1.624, $1.859, and $2.048, with a key help degree at $1.382.#Btc #Bitcoin #Crypto #CryptoCommunity #CryptoTrading pic.twitter.com/D2fXWBxp43

— Crypsie (@CrypsieGypsie) April 14, 2024

Alternate options to Band Protocol

Based mostly on the every day chart, the Band Protocol’s present worth hovers round $1.34, probably establishing preliminary help beneath the earlier low at that degree. As soon as breached, promoting stress might intensify, focusing on the $1.20 mark. Any additional decline from this significant help degree may amplify the downward momentum. Concurrently, merchants are captivated by an rising cryptocurrency gaining traction Dogeverse ($DOGEVERSE). Notably, this distinctive token has amassed over $4.9 million in presale funds, attractive merchants to discover funding alternatives.

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