Band Protocol Value Prediction for At this time, December 31 – BAND Technical Evaluation

The Band Protocol worth prediction reveals that BAND is transferring bullishly with a acquire of 6.10%, because the coin prepares to cross above the channel.

Band Protocol Prediction Statistics Information:

• Band Protocol worth now – $2.05
• Band Protocol market cap – $300 million
• Band Protocol circulating provide – 137.four million
• Band Protocol complete provide – 141.eight million
• Band Protocol Coinmarketcap rating – #178

BAND/USD Market

Key Ranges:

Resistance ranges: $2.40, $2.50, $2.60

Help ranges: $1.70, $1.60, $1.50

BAND/USD is crossing above the higher boundary of the channel because the coin prepares for the upside with a acquire of 6.10%. In keeping with the each day chart, the candle formation could proceed to respect the upward motion, however sliding beneath the transferring averages may place the market worth towards the south whereas the closest assist degree may very well be positioned across the $1.95 degree.

Band Protocol Value Prediction: Band Protocol Value Might Reclaim the Upside

The Band Protocol price is heading to the upside as a rise above the channel may set off intense shopping for to the resistance ranges of $2.40, $2.50, and $2.60. Quite the opposite, the Band Protocol worth could doubtless maintain the present market worth at $2.05 earlier than heading to the closest assist degree of $1.80. Due to this fact, if the Band Protocol worth drops beneath this assist degree, it might doubtless hit the closest assist at $1.70.

In the meantime, the vital assist after this may very well be positioned across the $1.70, $1.60, and $1.50 ranges if the sellers return to the market. Nevertheless, the 9-day MA stays above the 21-day MA revealing that the market could acquire extra upwards if the bulls improve the shopping for stress.

BAND/BTC Consolidates to the Upside

In opposition to Bitcoin, the Band Protocol worth is hovering above the 9-day and 21-day transferring averages. In the meantime, if the coin continues to rise, the closest resistance degree may very well be at 6000 SAT and above because the technical indicator factors to the upside.

Trying on the draw back; if the coin slides beneath the 9-day transferring common and heads towards the decrease boundary of the channel, the closest assist degree may very well be positioned at 4500 SAT. Due to this fact, if the value falls additional to create a brand new low, the assist may very well be discovered at 4000 SAT and beneath. In the meantime, if the 9-day MA stays above the 21-day MA, this might imply that the market could commerce bullishly.

Options to Band Protocol

The Band Protocol worth is buying and selling above the 9-day and 21-day transferring averages to hit the resistance degree of $2.24. The coin could proceed to rise if the value crosses above the higher boundary of the channel. In the meantime, Band Protocol may finish this present day on a greater word, as the value may make a bullish cross above the channel.

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