{"id":350696,"date":"2022-10-11T15:36:06","date_gmt":"2022-10-11T19:36:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=350696"},"modified":"2022-10-11T15:53:06","modified_gmt":"2022-10-11T19:53:06","slug":"bancor-price-prediction-for-11th-of-october-bnt-usd-struggles-to-free-itself-from-bearish-resistance","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bancor-price-prediction-for-11th-of-october-bnt-usd-struggles-to-free-itself-from-bearish-resistance","title":{"rendered":"Bancor Price Prediction for 11th of October: BNT\/USD Struggles to Free Itself From Bearish Resistance"},"content":{"rendered":"<p>&nbsp;<\/p>\n<hr>\n<p><span data-preserver-spaces=\"true\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-350711\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/BNTUSD_2022-10-10_03-56-38.png\" alt=\"Bancor Price Prediction for 11th of October: BNT\/USD Struggles to Free Itself From Bearish Resistance\" width=\"1280\" height=\"476\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/BNTUSD_2022-10-10_03-56-38.png 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/BNTUSD_2022-10-10_03-56-38-300x112.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/BNTUSD_2022-10-10_03-56-38-1024x381.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/BNTUSD_2022-10-10_03-56-38-768x286.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><a href=\"https:\/\/insidebitcoins.com\/?s=where+to+buy+Bancor\">Bancor<\/a>&rsquo;s bullish trend, from July, was cut short at the price resistance level of $0.6104, on the 8th of August. This happened when the price (unlike any other bullish candlestick that has appeared before on the chart) skyrocketed with very strong momentum; reaching almost to $0.700 price level. The bullish market movement triggered strong selling pressure. As a result of this, the bulls lost all the price levels that they have gained and the price levels returned to $0.6104. After this, the pressure of the two forces matched. This resulted in a price consolidation that lasted for 7 days. On the 15th of August, the market began moving in a bearish way. The market took its base around the $0.4242 support level. It then finds it difficult to break away since the 28th of August.&nbsp;<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Bancor Market Price Statistic:<\/span><\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">BNT\/USD price now: $0.4455<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">BNT\/USD market cap: $89,238,464<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">BNT\/USD circulating supply: 198.86 Million<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">BNT\/USD total supply: 198,857,636<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">BNT\/USD coin market ranking: #252<\/span><\/li>\n<\/ul>\n<p><strong><span data-preserver-spaces=\"true\">Key Levels<\/span><\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Resistance: $ 0.4500, $0.5000 $0.5500<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Support: $0.4000, $0.3500, $0.3000<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\"><span data-preserver-spaces=\"true\">&nbsp;<a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" class=\"su-button su-button-style-3d\" style=\"color:#000000;background-color:#F9A602;border-color:#c88502;border-radius:9px\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#000000;padding:0px 24px;font-size:18px;line-height:36px;border-color:#fbc14e;border-radius:9px;text-shadow:none\"> <\/span><strong><span data-preserver-spaces=\"true\">Buy Bancor Now<\/span><\/strong><span data-preserver-spaces=\"true\"><\/span><\/a><\/span><\/p>\n<p style=\"text-align: center\"><span data-preserver-spaces=\"true\">&nbsp;<\/span><em><span data-preserver-spaces=\"true\">Your capital is at risk<\/span><\/em><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Bancor Market Price Analysis: The Indicators&rsquo; Point of View<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">From the 20th of August to the 5th of September the bands of the Bollinger indicator expanded very wide due to the rough pull and push of the price in the market. As the bands begin to contrast, the market broke out in a bullish way on the 8th of September and the 14th of September. But, each of these bullish breakouts was followed by bearish moves in the same days. The selling pressure is very responsive to buying pressure and this is why the consolidation continues. The RSI line and the signal line have been moving along around the midpoint of the indicator for quite some time. This indication supports the long-term sideways-ranging market. But since Friday the 7th of October, the Bollinger band began to contrast. This means there is about to be a price breakout.&nbsp;<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-350708\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/BNTUSD_2022-10-10_04-03-24.png\" alt=\"Bancor Price Prediction for 11th of October: BNT\/USD Struggles to Free Itself From Bearish Resistance\" width=\"1280\" height=\"476\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/BNTUSD_2022-10-10_04-03-24.png 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/BNTUSD_2022-10-10_04-03-24-300x112.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/BNTUSD_2022-10-10_04-03-24-1024x381.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/BNTUSD_2022-10-10_04-03-24-768x286.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\"><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">&nbsp;Bancor (<\/span><\/strong><strong><span data-preserver-spaces=\"true\">BNT\/USD) 4-Hour Chart Outlook<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">In the last 4-hours of yesterday&rsquo;s session, the price rose very high before the sellers cut the price short as the selling pressure is responsive to buying pressure in this market. This bearish market move spilt into the first four hours of today. The bulls failed to fully recover the price before the session was over. In the second session, the bulls began to have the upper hand.&nbsp;<\/span><\/p>\n\n            \n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">&nbsp; \u00a0 Bancor\u2019s bullish trend, from July, was cut short at the price resistance level of $0.6104, on the 8th of August. This happened when <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bancor-price-prediction-for-11th-of-october-bnt-usd-struggles-to-free-itself-from-bearish-resistance\" title=\"Bancor Price Prediction for 11th of October: BNT\/USD Struggles to Free Itself From Bearish Resistance\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":350705,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[7603,13039,7598],"class_list":["post-350696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bancor","tag-bnt-usd","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bancor Price Prediction for 11th of October: BNT\/USD Struggles to Free Itself From Bearish Resistance<\/title>\n<meta name=\"description\" content=\"Bancor\u2019s bullish trend, from July, was cut short at the price resistance level of $0.6104, on the 8th of August. This happened when the price\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/350696\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bancor Price Prediction for 11th of October: BNT\/USD Struggles to Free Itself From Bearish Resistance\" \/>\n<meta property=\"og:description\" content=\"Bancor\u2019s bullish trend, from July, was cut short at the price resistance level of $0.6104, on the 8th of August. 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