Bancor Price Prediction for Today, January 20: BNT/USD Grows 5.91% as Price Hovers at $0.41

The Bancor price prediction shows that BNT gains 5.91% in the last 24 hours to touch the daily high of $0.42.

Bancor Prediction Statistics Data:

• Bancor price now – $0.41
• Bancor market cap – $65.6 million
• Bancor circulating supply – 160.7 million
• Bancor total supply – 160.7 billion
• Bancor Coinmarketcap ranking – #318

BNT/USD Market

Key Levels:

Resistance levels: $0.46, $0.48, $0.50

Support levels: $0.35, $0.33, $0.31

BNT/USD has been keeping the bullish movement for the past few days but currently trying to regain some ground amid technical correction from the downward trend where it is traveling from $0.38 to $0.42 within the channel.

Bancor Price Prediction: What to Expect from Bancor (BNT)

At the time of writing, the Bancor price is hovering at $0.41 as the coin remains above the 9-day and 21-day moving averages. The recovery seems to have started as the technical indicator Relative Strength Index (14) crosses above the 60-level. BNT/USD needs to continue its up-trending growth in the coming days to recover properly as the next resistance level is likely to come at $0.46, $0.48, and $0.50.

On the downside, a bearish move toward the lower boundary of the channel could open up the way to a $0.38 support, and this may likely slow down the bears and then serve as a jumping-off ground for the recovery. Meanwhile, the next support levels could be located at $0.35, $0.33, and $0.31.

Against Bitcoin, BNT continues to trend bullishly as the resistance currently outweighs the support. In the case of rebounds, there is a need for an increasing volume to cause an upsurge in the market.  But, on the contrary, BNT/BTC is trading around the 1889 SAT below the moving averages. Therefore, traders can expect close support at 1700 SAT and below.

For now, there’s a little sign of a bullish trend in the market and if the bullish movement continues, a break significantly towards the upper boundary of the channel could hit the nearest resistance at 2000 SA. Moreover, the closest resistance lies at 2100 SAT and above as the Relative Strength Index (14) moves to cross above the 40-level.

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