Band Protocol Price Prediction for Today, April 16 – BAND Technical Analysis

adminApril 17, 2024

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Band Protocol price prediction shows that BAND could renew its bullish trend after testing the $1.34 support level today.

Band Protocol Forecast Statistical Data:

Current Band Protocol Price – $1.34
Band Protocol market capitalization – $199 million
Band Protocol Circulation Volume – 141 million
Band Protocol total supply – 145 million
Band Protocol CoinMarketCap Ranking – 271st

BAND/USD Market

Main level:

Resistance levels: $2.20, $2.40, $2.60

Support levels: $0.60, $0.40, $0.20

Band Protocol Price Prediction for Today, April 16 – BAND Technical Analysis — BANDUSD – daily chart

BAND/USD is hovering around $1.34 after hitting a daily high of $1.54. Band Protocol price has lost 10.22% in the past few hours and is likely to cross below the channel lower limit. Despite reaching its daily high, the coin is still hovering below its daily high of $1.54 and is likely headed towards the downside.

Band Protocol Price Prediction: What’s next for Band Protocol price?

According to the daily chart, Band Protocol price is moving south and a further bearish move could hit the nearest support at $1.20. Band Protocol (BAND) reached a daily high of $1.54 before pulling back to where it is currently trading. Looking at the above, a more bullish move could occur if the market price heads towards the upper border of the channel and the nearest resistance level is at $2.00.

However, traders may note that the daily move remains in the hands of the bears, but a breakout on the positive side is likely to push the coin towards the potential resistance levels of $2.20, $2.40 and $2.60 and could lead to a decline below the lower limit. Support in the channel could lead to $0.60, $0.40, and $0.20, respectively.

BAND/BTC Could Gain More Support

Compared to Bitcoin, Band Protocol is showing weakness below its 9- and 21-day moving averages. After the coin hit a daily high today at 2331 SAT, the coin later retreated to where it is currently trading. Meanwhile, prices continue to move south as sellers put pressure on the market.

Nonetheless, if sellers increase the pressure, the Band Protocol price may fall to support levels below 1350 SAT. Technical indicators now show that the market may continue to face a downtrend as resistance levels could be located above 3000 SAT.

Later, @CrypsieGypsie shared with his followers on

$BAND There is a bullish move above the support and possible targets are $1.624, $1.859, $2.048 and the key support level is $1.382.#BTC #Bitcoin #Cryptocurrency #Cryptocurrency Community #Cryptocurrency trading pic.twitter.com/D2fXWBxp43
— CrypsiGypsie (@CrypsiGypsie) April 14, 2024

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