The Band Protocol value prediction reveals that BAND hovers above the 9-day transferring common the place it may face upward motion.

Band Protocol (BAND) Surges to $1.8 with Bullish Score

Prior to now 5 days, Band Protocol has displayed a bullish development. This evaluation is predicated on analyzing each its buying and selling quantity and value motion throughout this era. Such evaluation affords a concise snapshot of the crypto’s latest efficiency, catering to the wants of each short-term buyers aiming to capitalize on upward momentum and long-term buyers searching for advantageous entry factors throughout value dips.

Band Protocol Prediction Statistics Knowledge:

• Band Protocol value now – $1.83
• Band Protocol market cap – $253.4 million
• Band Protocol circulating provide – 138.6 million
• Band Protocol complete provide – 143 million
• Band Protocol Coinmarketcap rating – #179

BAND/USD Market

Key Ranges:

Resistance ranges: $2.30, $2.50, $2.70

Help ranges: $1.35, $1.15, $0.95

BAND/USD is buying and selling across the resistance stage of $43.3 after touching the every day excessive at $1.84 and now hovering above the 9-day and 21-day transferring averages. In the meantime, the market value might have to the hit nearest resistance stage of $2.10 for the long-term technical image of the coin.

Band Protocol Worth Prediction: BAND/USD Prepared for the Upside

The Band Protocol value might head towards the higher boundary of the channel as any bearish motion towards the south might carry the coin beneath the decrease boundary of the channel; this might later hit the assist ranges at $1.35, $1.15, and $0.95. On the upside, a sustained bullish motion above the transferring averages might create extra power for the coin, which might push the Band Protocol value to the resistance ranges of $2.30, $2.50, and $2.70 respectively.

The 9-day transferring common retains hovering above the 21-day transferring common, indicating that the market might go bullish. In the meantime, there could also be a necessity for assist to be fashioned round $1.75 and $1.80 to offer tight safety, permitting the consumers to focus on stirring motion to the north.

BAND/BTC Could Create Further Beneficial properties

Towards Bitcoin, the BAND value continues to hover above the 9-day and 21-day transferring averages which might contact the resistance stage of 4500 SAT. Furthermore, as quickly because the coin makes a bullish cross above the higher boundary of the channel, it might hit one other resistance stage of 4700 SAT whereas the 9-day MA might cross above the 21-day MA.

Nevertheless, if the bulls achieve breaking to the upside, the BAND value might find the potential resistance stage at 5000 SAT and above. Quite the opposite, any bearish transfer beneath the decrease boundary of the channel might carry the worth to the assist stage of 2800 SAT and beneath.

Nonetheless, on their X account, @ChartMonkeyBTC foresees a sustained uptrend for BANDUSDT, supported by its latest breakout from a triangle sample. They set their goal at $2.3, suggesting a protracted entry level at $1.8 and a stop-loss stage positioned beneath $1.621. Their preliminary goal stands at $1.9.

📈LONG: #BANDUSDT $BAND by @getgreencrypto

We anticipate a continued optimistic development for BANDUSDT because it not too long ago broke out of a triangle sample. Our goal is $2.3, with a protracted entry stage at $1.8 and a cease loss beneath $1.621. Our first goal is $1.9. pic.twitter.com/S42O8NPX4U

— Crypto | ChartMonkey (@ChartMonkeyBTC) February 2, 2024

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