Band Protocol Price Prediction for Today, August 24

Band Protocol Price Prediction for Today, August 24 – BAND Technical Analysis

Updated: 24 August 2023

Disclosure

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The Band Protocol price prediction reveals that BAND spikes with a gain of 1.12%, as the coin moves to cross above the 21-day moving average.

Band Protocol Prediction Statistics Data:

Band Protocol price now – $1.03
Band Protocol market cap – $138.3 million
Band Protocol circulating supply – 133.2 million
Band Protocol total supply – 137.6 million
Band Protocol Coinmarketcap ranking – #159

BAND/USD Market

Key Levels:

Resistance levels: $1.30, $1.35, $1.40

Support levels: $0.80, $0.75, $0.70

Band Protocol Price Prediction for Today, August 24 - BAND Technical Analysis — BANDUSD – Daily Chart

BAND/USD is trying to cross above the 21-day moving average as the moves could break many upsides. According to the daily chart, the candle formation may continue to respect the upward movement if the bulls increase the pressure, but sliding below the 9-day moving average might position the market price toward the south while the closest support level could be located around the $0.90 level.

Band Protocol Price Prediction: BAND/USD May Create Additional Gains

The Band Protocol price is heading to the upside as an increase above the 21-day moving average could trigger intense buying to the resistance levels of $1.30, $1.35, and $1.40. On the contrary, the Band Protocol price may likely hold the current market value at $1.03 before heading to the nearest support level of $0.95.

However, the critical support after this could be located around the $0.80, $0.75, and $0.70 levels if the selling volume increases. However, the technical indicator Relative Strength Index (14) reveals that the market may gain more upwards if the signal line crosses above the 40-level.

BAND/BTC Could Gain More Uptrends

Against Bitcoin, the Band Protocol price is hovering above the 9-day and 21-day moving averages. Meanwhile, if the coin continues to rise, the nearest resistance level could be at 5100 SAT and above as the technical indicator Relative Strength Index (14) moves to cross above the upper boundary of the channel.

Looking at the upside; if the coin slides below the moving averages and heads toward the lower boundary of the channel, the nearest support level could be located at 3500 SAT. Therefore, if the price falls further to create a new low, the support could be found at 2800 SAT and below. Meanwhile, if the 9-day MA crosses above the 21-day MA, this could mean that the market may trade bullishly.

Band Protocol Alternatives

The Band Protocol price is trading within the 9-day and 21-day moving averages to hit the resistance level of $1.10. The coin may continue to rise if the price moves near the upper boundary of the channel.

Meanwhile, Wall Street Memes coin has unveiled its new staking service, alongside announcing its forthcoming listings on top-tier exchanges scheduled for September 27th. Over $25m has been raised so far in the ongoing hot presale, which will soon end.

New OKX Listing - Wall Street Memes

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