Bancor Price Prediction for Today, March 10: BNT/USD Could Trade Above $0.40 as Price Rebounds

The Bancor price prediction reveals that BNT is currently trading close to $0.40 after a significant dip below $0.38.

Bancor Prediction Statistics Data:

• Bancor price now – $0.39
• Bancor market cap – $62.5 million
• Bancor circulating supply – 159.1 million
• Bancor total supply – 159.1 million
• Bancor Coinmarketcap ranking – #334

BNT/USD Market

Key Levels:

Resistance levels: $0.50, $0.55, $0.60

Support levels: $0.30, $0.25, $0.20

BNT/USD is trading at $0.39 where the coin is likely to cross above the 9-day moving average. The technical indicator Relative Strength Index (14) shows that the bullish movement may be coming into play as the signal line moves to cross above the 40-level. Meanwhile, the 9-day and 21-day moving averages still indicate that bears are likely to dominate the market as the 9-day MA remains below the 21-day MA.

Bancor Price Prediction: What to Expect from Bancor

As the Bancor price faces the upside, it is likely to embark on a movement toward the upper boundary of the channel. However, a sustainable move from this barrier may improve the bullish movement and allow for an extended recovery toward the resistance level of $0.45. Meanwhile, if the coin stays above this level, it could spike and hit the potential resistance levels at $0.50, $0.55, and $0.60.

Moreover, the technical indicator Relative Strength Index (14) remains below the 40-level, but any bearish movement out of this barrier could worsen the technical picture and lay the ground for further sell-off below the lower boundary of the channel. Therefore, any further bearish movement could locate the supports at $0.30, $0.25, and $0.20 respectively.

Against Bitcoin, the Bancor price is moving to cross above the 9-day and 21-day moving averages as the coin heads to the north. On the other hand, if the market slides and face the lower boundary of the channel, the critical support may come at 1700 SAT and below.

On the upside, if the coin crosses above the channel, the resistance level of 2200 SAT and above may be visited. Meanwhile, the technical indicator Relative Strength Index (14) is already above the 40-level, suggesting that the market may go further upside.

Bancor Alternatives

The Bancor price is currently trading with a 1.03% slight gain but the coin is yet to cross above the 9-day and 21-day moving averages. Meanwhile, the Bancor price may fight to stay above the important level of $0.40 as it could move to cross above the moving averages. However, the Fight Out token is with the aim of giving all users access to retail trading. Through its presale, the token has raised almost $5.5 million for this objective. Therefore, this crypto’s presale has recently commenced while the project has been witnessing impressive traction from users and the investor community.