- \n
- Band Protocol price now – $1.83<\/li>\n
- Band Protocol market cap – $253.4 million<\/li>\n
- Band Protocol circulating supply – 138.6 million<\/li>\n
- Band Protocol total supply – 143 million<\/li>\n
- Band Protocol Coinmarketcap ranking – #179<\/li>\n<\/ul>\n
BAND\/USD Market<\/h2>\n
Key Levels:<\/p>\n
Resistance levels: $2.30, $2.50, $2.70<\/p>\n
Support levels: $1.35, $1.15, $0.95<\/p>\n
![\"Band](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/BANDUSD_10012024.png\")
BANDUSD – Daily Chart<\/figcaption><\/figure>\n BAND\/USD<\/a> is trading around the resistance level of $43.3 after touching the daily high at $1.84 and now hovering above the 9-day and 21-day moving averages. Meanwhile, the market price may need to the hit nearest resistance level of $2.10 for the long-term technical picture of the coin.<\/p>\n
Band Protocol Price Prediction: BAND\/USD Ready for the Upside<\/h2>\n
The Band Protocol price may head toward the upper boundary of the channel as any bearish movement toward the south could bring the coin under the lower boundary of the channel; this could later hit the support levels at $1.35, $1.15, and $0.95. On the upside, a sustained bullish movement above the moving averages may create more strength for the coin, which could push the Band Protocol price to the resistance levels of $2.30, $2.50, and $2.70 respectively.<\/p>\n
The 9-day moving average keeps hovering above the 21-day moving average, indicating that the market may go bullish. Meanwhile, there may be a need for support to be formed around $1.75 and $1.80 to provide tight protection, allowing the buyers to concentrate on stirring action to the north.<\/p>\n
BAND\/BTC May Create Additional Gains<\/h2>\n
Against Bitcoin, the BAND<\/a> price continues to hover above the 9-day and 21-day moving averages which could touch the resistance level of 4500 SAT. Moreover, as soon as the coin makes a bullish cross above the upper boundary of the channel, it could hit another resistance level of 4700 SAT while the 9-day MA may cross above the 21-day MA.<\/p>\n
![\"Band](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/BANDBTC_10012024.png\")
BANDBTC – Daily Chart<\/figcaption><\/figure>\n However, if the bulls succeed in breaking to the upside, the BAND price may locate the potential resistance level at 5000 SAT and above. On the contrary, any bearish move below the lower boundary of the channel could bring the price to the support level of 2800 SAT and below.<\/p>\n
Nevertheless, on their X account, @ChartMonkeyBTC foresees a sustained uptrend for BANDUSDT, supported by its recent breakout from a triangle pattern. They set their target at $2.3, suggesting a long entry point at $1.8 and a stop-loss level positioned below $1.621. Their initial target stands at $1.9.<\/p>\n
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📈LONG: #BANDUSDT<\/a> $BAND<\/a> by @getgreencrypto<\/a><\/p>\n
We anticipate a continued positive trend for BANDUSDT as it recently broke out of a triangle pattern. Our target is $2.3, with a long entry level at $1.8 and a stop loss below $1.621. Our first target is $1.9. pic.twitter.com\/S42O8NPX4U<\/a><\/p>\n
— Crypto | ChartMonkey (@ChartMonkeyBTC) February 2, 2024<\/a><\/p><\/blockquote>\n