Bancor Price Prediction for Today, September 7

Bancor Price Prediction for Today, September 7 – BNT Technical Analysis

Updated: 08 September 2023

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The Bancor price prediction shows that BNT could head toward the upper boundary of the channel as the price mounted up by 2.45%.

Bancor Prediction Statistics Data:

Bancor price now – $0.43
Bancor market cap – $61.7 million
Bancor circulating supply – 144.9 million
Bancor total supply – 161.1 million
Bancor Coinmarketcap ranking – #299

BNT/USD Market

Key Levels:

Resistance levels: $0.60, $0.65, $0.70

Support levels: $0.30, $0.25, $0.20

Bancor Price Prediction for Today, September 7 – BNT Technical Analysis — BNTUSD – Daily Chart

BNT/USD is currently changing hands at around $0.43 as the coin heads to the upside. Today’s trading begins with a slight uptrend in the market as the coin moves to touch the daily high of $0.44 after which it is currently trading at $0.43. However, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.

Bancor Price Prediction: Bancor Gets Ready for the Upside

According to the daily chart, the next step for the Bancor price is to head toward the upper boundary of the channel. Once it gets near this barrier, bulls may now push the market price above the channel, which could hit the resistance levels at $0.60, $0.65, and $0.70 respectively.

However, as the technical Indicator Relative Strength Index (14) moves above the 50-level, BNT/USD may move to the north, once this plays out, the buyers can manage to sustain the bullish movement toward the resistance levels of $0.45 and $0.50. Meanwhile, if the price decides to make a quick turn to the south, the support levels could be found at $0.30, $0.25, and $0.20 respectively.

BNT/BTC Bulls May Increase the Price Movement

Against Bitcoin, after trading bullishly above the 9-day and 21-day moving averages, the Bancor price retreats a little bit but it may continue to face the upper boundary of the channel. Meanwhile, bulls are to push the coin to the positive side as the technical Indicator Relative Strength Index (14) moves to cross above the 60-level.

On the other hand, if the bears drag the price below the lower boundary of the channel, BNT/BTC may fall to the support level of 1200 SAT and below. Meanwhile, if the bulls keep the price above the 9-day and 21-day moving averages, the continuation of the bullish movement may cause the coin to hit the resistance level of 2200 SAT and above.

Bancor Alternatives

The Bancor price has not seen any major pullbacks yet but may use the 9-day moving average for support if it happens. Meanwhile, the most important signal for Bancor is the break of $0.50, which represented a major resistance level. Therefore, should the case of bulls break toward the upper boundary of the channel, they may absolutely confirm another uptrend.

On that note, with the decline of several renowned tokens, the Wall Street Memes token maintains its “buy” status due to its impressively affordable presale price, which has already generated over $25 million in gains. Don’t miss out on this opportunity to purchase some tokens at their current price before they experience a significant surge.

$WSM new coin is launching soon in 19 days. This is the next coin to pump furiously.