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

The Band Protocol value prediction reveals that BAND might renew the bullish pattern after testing the assist degree of $1.34 at the moment.

Band Protocol Prediction Statistics Information:

• Band Protocol value 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 value is more likely to cross beneath the decrease boundary of the channel with a lack of 10.22% up to now 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 Price Prediction: What Might Be the Subsequent Course for Band Protocol Price?

In accordance with the every day chart, the Band Protocol value is shifting towards the south and any additional bearish motion might hit the closest assist at $1.20. The Band Protocol (BAND) hits the every day excessive at $1.54 earlier than retreating to the place it’s presently buying and selling. Taking a look at it from above, extra bullish actions could come into play if the market value heads towards the higher boundary of the channel, and the closest resistance degree could possibly 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 could almost definitely 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 could result in the helps of $0.60, $0.40, and $0.20 respectively.

BAND/BTC Might Achieve 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 at the moment, the coin later retreated to the place it’s presently buying and selling. In the meantime, the worth retains shifting to the south as sellers put strain available on the market.

However, ought to the sellers improve the strain, the Band Protocol value could drop to the assist of 1350 SAT and beneath. Now, the technical indicator reveals that the market could proceed to face the draw back because the resistance degree could possibly be situated at 3000 SAT and above.

Afterward, @CrypsieGypsie shared with their followers on X (beforehand generally known as Twitter) that $BAND is experiencing a bullish pattern above its assist degree, doubtlessly aiming for $1.624, $1.859, and $2.048, with an important assist degree at $1.382.

$BAND is displaying bullish motion above assist and should goal $1.624, $1.859, and $2.048, with a key assist degree at $1.382.#Btc #Bitcoin #Crypto #CryptoCommunity (*16*) 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 value hovers round $1.34, doubtlessly establishing preliminary assist beneath the earlier low at that degree. As soon as breached, promoting strain could intensify, concentrating on the $1.20 mark. Any additional decline from this important assist degree might amplify the downward momentum. Concurrently, merchants are captivated by an rising cryptocurrency gaining traction Dogeverse ($DOGEVERSE). Notably, this distinctive token has amassed over $4.9 million in presale funds, engaging merchants to discover funding alternatives.

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