Band Protocol price prediction shows that BAND may be about to restart its bullish trend after testing the $1.34 support level today.
Band Protocol Forecast Statistics:
Band Protocol Price Now – $1.34
Band Protocol Market Cap- $199 Million
Band Protocol Circulating Supply – 141 Million
Band Protocol Total Supply – 145 Million
Band Protocol Coinmarketcap Ranking- 271st
BAND/USD Markets
Key Levels:
Resistance Levels: $2.20, $2.40, $2.60
Support Levels: $0.60, $0.40, $0.20
BANDUSD - Daily Chart
BAND/USD has been hovering around $1.34 after hitting a daily high of $1.54. Band Protocol price may have fallen below the lower border of the channel by 10.22% in the past few hours. Despite hitting a daily high, the coin is still hovering below the daily high of $1.54 and may be heading towards a decline.
Band Protocol Price Prediction: Where is the next move of Band Protocol price likely to be?
According to the daily chart, Band Protocol price is moving southwards and further bearish movement could hit the nearest support at $1.20. Band Protocol (BAND) hit a daily high of $1.54 before retracing to the current trading level. From above, if the market price moves towards the upper boundary of the channel, more bullish moves could occur, with the nearest resistance likely at $2.00.
However, traders can see that the daily movement remains controlled by the bears, however, if the market breaks out to the positive side, it is likely to push the coin towards the potential resistance levels of $2.20, $2.40, and $2.60, while a break below the lower border of the channel could lead to supports at $0.60, $0.40, and $0.20, respectively.
BAND/BTC May Find More Support
Compared to Bitcoin, Band Protocol is bearishly trading below the 9-day and 21-day moving averages. The coin hit a daily high of 2331 SAT today before retreating to its current trading level. Meanwhile, sellers are exerting pressure on the market and prices continue to move southward.
BANDBTC - Daily Chart
However, if the sellers increase the pressure, Band Protocol price could drop to the support at 1350 SAT and below. Now, technical indicators show that the market may continue to face downward pressure with resistance levels likely to be located at 3000 SAT and above.
Later, @CrypsieGypsie shared with their followers on X that $BAND is experiencing a bullish trend on support levels with possible targets at $1.624, $1.859, and $2.048, with a critical support level at $1.382.
$BAND is showing bullish momentum on support levels with possible targets at $1.624, $1.859, and $2.048, with a key support at $1.382.
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– Crypsie (@CrypsieGypsie)
April 14, 2024
Band Protocol alternatives
According to the daily chart, Band Protocol is currently hovering around $1.34, and it may establish initial support below this level. Once it breaks out, the selling pressure may intensify, and the target will be $1.20. A further decline from this critical support level may increase the downward momentum. Meanwhile, traders have taken an interest in an emerging cryptocurrency, Dogeverse ($DOGEVERSE). Notably, this unique token has raised more than $4.9 million in pre-sale funds, attracting traders to explore investment opportunities.
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