Bancor Price Prediction for Today, March 15: BNT/USD Likely to Hit $0.40 Support

The Bancor price prediction shows that BNT may cross below the lower boundary of the channel as the coin may settle in consolidation.

Bancor Prediction Statistics Data:

• Bancor price now – $0.44
• Bancor market cap – $70.6 million
• Bancor circulating supply – 160.3 million
• Bancor total supply – 160.3 million
• Bancor Coinmarketcap ranking – #323

BNT/USD Market

Key Levels:

Resistance levels: $0.55, $0.60, $0.65

Support levels: $0.35, $0.30, $0.25

At the time of writing, BNT/USD is pushing for consolidation around $0.44 as the coin may head toward the lower boundary of the channel. However, the technical indicator is returning to the bearish scenario as the Relative Strength Index (14) moves to cross below the 50-level which reflects the influence of the sellers over the price.

Bancor Price Prediction: BNT Price May Consolidate Below the Channel

As the daily chart reveals, the Bancor price touches the resistance level of $0.46 but the sharp drop is affecting the buyers from an attempted recovery above the 9-day and 21-day moving averages. Now, BNT/USD is likely to cross below the lower boundary of the channel to touch the nearest support level of $0.40.

At the moment, the coin is on the negative side, but the buyers are expected to come into the market to correct the current market value with a possible jump above $0.150. Meanwhile, if there is an increase in buying pressure, the price may break out of the channel to reach the $0.50 resistance. While trading at that level, a bullish continuation could reach the resistance levels of $0.55, $0.60, and $0.65 respectively.

On the other hand, if the coin drops below the lower boundary of the channel, a minimum swing below this barrier may bring the market to the support level of $0.40. Exceeding this level could take the coin to $0.35, $0.30, and $0.25 support levels.

Against Bitcoin, the bears are showing a serious commitment within the market and according to the recent negative sign, the bearish trend may continue as much as the buyers failed to push the price above the 9-day and 21-day moving averages.

However, the technical indicator Relative Strength Index (14) is likely to cross into the oversold region as the signal line nosedives toward the south. Therefore, any further bearish movement could hit the support level of 1600 SAT and below, but a bullish cross above the moving averages may push the price to the resistance level of 2100 SAT and above.

Alternatives to Bancor

Looking at the daily chart, the Bancor price shows that BNT withdraws from the $0.46 high as the coin moves to cross below the 9-day moving average. However, Fight Out is a new token with the aim of giving all users access to retail trading. Through its presale, they have raised up to $6 million for this objective. Investors are able to earn up to 67% in additional bonus tokens during the presale, depending on the purchase amount and vesting period chosen.