Bancor Price Prediction for Today, October 19

Bancor Price Prediction for Today, October 19 – BNT Technical Analysis

Updated: 03 November 2023

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The Bancor price prediction is heading toward the upper boundary of the channel as the price touches the daily high at $0.59.

Bancor Prediction Statistics Data:

Bancor price now – $0.56
Bancor market cap – $80.2 million
Bancor circulating supply – 142.3 million
Bancor total supply – 161.1 million
Bancor Coinmarketcap ranking – #69

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 19 – BNT Technical Analysis — BNTUSD – Daily Chart

BNT/USD is trading above the 9-day and 21-day moving averages as the coin touches the daily high at $0.59. At the time of writing, the Bancor is changing hands at $0.56, having gained over 13.33% since the beginning of the European session. However, with latest the recovery, the coin is likely to cross above the upper boundary of the channel and move into the positive zone.

Bancor Price Prediction: Would BNT Stay Above $0.55?

The Bancor price is currently forming a bullish movement as the bulls push the price to touch the channel. However, if the bulls maintain the upward trend, BNT/USD may likely cross above the upper boundary of the channel which could hit the resistance levels of $0.70, $0.75, and $0.80. On the other hand, any strong selling pressure may drag the price toward the lower boundary of the channel if the bears step back into the market.

However, if the Bancor slides below the 9-day and 21-day moving averages, the bears could bring the price to the supports of $0.40, $0.35, and $0.30. Meanwhile, the 9-day MA is seen above the 21-day MA, confirming the bullish movement.

BNT/USD Moves in Sideways

Against Bitcoin, the Bancor price keeps moving sideways but the current market movement may follow an uptrend if the buyers keep the price above the 9-day and 21-day moving averages before crossing the upper boundary of the channel.

Nonetheless, as the 9-day MA stays above the 21-day MA, the market price may continue with the upward trend which could hit the resistance level of 2500 SAT and above. Meanwhile, a retest below the 21-day moving average could lower the price to the support level of 1400 SAT and below.

Alternatives to Bancor

The Bancor price is currently exchanging hands at $0.56 as the coin crosses above the 9-day moving average. BNT/USD may cross above the upper boundary of the channel if the bulls increase the buying pressure. Therefore, Bancor (BNT) will have to focus on the bullish movement to guide against the downward pressure while the closest support expects the coin at $0.50, which could be the daily low.

However, the BTCMTX presale is rapidly selling out, making it a popular option for investors seeking diversified portfolios with attractive APY staking rewards. The token, in its presale phase, has already acquired almost $1.8 million. Meanwhile, investors are to buy the token at the current price before it witnesses a significant surge.

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