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The Band Protocol price prediction reveals that BAND is facing key resistance at $1.25 as the market price heads to the upside.
Band Protocol Prediction Statistics Data:
- Band Protocol price now – $1.21
- Band Protocol market cap – $175.4 million
- Band Protocol circulating supply – 143.7 million
- Band Protocol total supply – 148.1 million
- Band Protocol Coinmarketcap ranking – #258
BAND/USD Market
Key Levels:
Resistance levels: $1.75, $1.80, $1.85
Support levels: $0.65, $0.60, $0.55
As the market opens today, after touching the resistance level of $1.23, BAND/USD retreats with a bearish bias as this could be a trick to move to the upside. However, the coin opens at $1.14, and it is currently heading toward the upper boundary of the channel. For the past few days, the Band Protocol price has been moving sideways, trading within the 9-day and 21-day moving averages.
Band Protocol Price Prediction: Band Protocol (BAND) May Head to the North
At the moment, the Band Protocol price is ranging, and the coin is likely to break to the upside to gain more uptrends. Meanwhile, BAND/USD is currently hovering at $1.21 as it prepares for the upside. Should it slide below the lower boundary of the channel, the critical support levels of $0.65, $0.60, and $0.55 may be tested as the 9-day moving average remains below the 21-day moving average, suggesting bearish movement for the market.
Nevertheless, BAND/USD may recover toward the upside or extend its decline toward the support level of $1.00. If it crosses above the 21-day moving average, the next major resistance could be found around the $1.50 level as the coin may hit the resistance levels of $1.75, $1.80, and $1.85. If not, there is a risk of more downsides below the lower boundary of the channel.
BAND/BTC Begins the Upward Movement
Against Bitcoin, the daily chart shows that the Band Protocol price is hovering above the 9-day and 21-day moving averages. If the price heads toward the upper boundary of the channel, there is a possibility that the coin may create additional gains and the next resistance key could be closed to 2500 SAT. If the price rises, it could even break the 2600 SAT and above in future sessions.
However, should the sellers return to the market, 1500 SAT support may play out, and any further bearish movement could roll the coin to critical support at 1300 SAT and below. The 9-day MA may need to cross above the 21-day MA, to indicate bullish signals within the channel.
On that note, @decilizer informed his followers on X (formerly Twitter) that $BAND found strong support at $1 following the recent dip. Now, it is gearing up to surpass $1.69 in the short term, with expectations to reach $3 over a longer timeframe.
$BAND took strong support at 1$ after the recent dump. Now it is preparing to fly past 1.69$ in the short run. 3$ is expected to be touched in a longer timeframe. Just expect Bitcoin to stay bullish along with it.
Our data tracked 190% gains in the last rally. pic.twitter.com/A9BoTbsCI2— Decilizer (@decilizer) June 30, 2024
Band Protocol Alternatives
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