Bancor Price Prediction for Today, October 11

Bancor Price Prediction for Today, October 11 – BNT Technical Analysis

Updated: 11 October 2023

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The Bancor price prediction reveals that BNT is moving bullishly with a gain of 8.77%, as the coin prepares to cross above the channel.

Bancor Prediction Statistics Data:

Bancor price now – $0.54
Bancor market cap – $77.5 million
Bancor circulating supply – 142.4 million
Bancor total supply – 161.1 million
Bancor Coinmarketcap ranking – #264

BNT/USD Market

Key Levels:

Resistance levels: $0.70, $0.75, $0.80

Support levels: $0.40, $0.35, $0.30

Bancor Price Prediction for Today, October 11 – BNT Technical Analysis — BNTUSD – Daily Chart

BNT/USD is seen trading in the green at the time of writing as the coin is ready to cross above the upper boundary of the channel with a gain of 8.77%. According to the daily chart, the candle formation is currently respecting the upward movement but sliding below the 9-day and 21-day moving averages might position the market price toward the south as the closest support level is located around the $0.45 level.

Bancor Price Prediction: BNT/USD Could Spike to the Upside

The Bancor price is currently above the 9-day and 21-day moving averages. Meanwhile, an increase above the upper boundary of the channel could trigger intense buying to the resistance levels of $0.70, $0.75, and $0.80. On the contrary, the Bancor price may likely hold a support level at $0.45 which could be the daily low. Therefore, if the Bancor price drops below this support level, it may likely hit the closest support at $0.42.

Meanwhile, the critical support after this could be located around $0.40, $0.35, and $0.30 levels if the selling volume increases. Moreover, the 9-day MA is still hovering above the 21-day MA which reveals that the market may gain more upwards if the bulls increase the pressure.

BNT/BTC Faces the North

Against Bitcoin, the buyers are pushing the Bancor price above the 9-day and 21-day moving averages. Meanwhile, from the upside, the nearest level of resistance lies above the upper boundary of the channel at 2500 SAT and above as the technical indicator shows that the coin is likely to follow the bullish movement.

Looking at the downside; the nearest level of support is 1800 SAT, if the price drops further to create a new low, lower support could be found at 1400 SAT and below. In addition, if the 9-day MA crosses above the 21-day MA, this could mean that the market may head to the upside.

Bancor Alternatives

The Bancor price resumes back in the middle of consolidation after touching the daily low at $0.48. In the meantime, if the market price continues the surge and moves toward the upper boundary of the channel, the $0.65 resistance level is likely to come into play and the Bancor price may look for higher price levels if the bulls show commitment.

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