- Band Price is continuing its bullish trend which started from 30 Jan 2021
- BAND PROTOCOL price today is $12.98; with a gain of 16.8% in the last 24 hours and a 44.06% gain from last week
- The band/BTC pair performs negative with an overall gain of 10.29%, trading at the present level of 0.0003476 BTC
BAND Protocol price has made a new high of $13.07 in today’s trading session. Band price is sustaining its bullish trend and not looking to slow down. The BAND/BTC pair also noted a comeback and is currently trading at the gain of 8.75%. The BAND volume has seen a gain of 12.88% and the market capitalization went up by 9.89%. The release of Road Map is the reason for the jump in BAND.
Band Protocol (BAND) Technical Analysis
The weekly chart of the BAND shows “Bulls on Run” in today’s trading session. It is currently trading at $12.79 with support at $10.35 and resistance at $15.52.It is trading above 50 and 200 Exponential Moving Average. The 50 EMA blue line is at $8.75, making it temporary support for the price. The coin has made a bullish pattern in the past, which strengthens the momentum.
MACD(Bullish): It has given a positive crossover signal in the past trading session. Bars of the histogram is also in favour of Bulls.MACD can see a reversal in upcoming days.
RSI(Bullish): It is trailing at the value of 68.97 showcasing its presence in the overbought zone. A positive slope is formed which highlights that price may see an uptrend for furthermore.
CONCLUSION
BAND price broke out from the consolidation phase and is currently sustaining above it.BAND/BTC pair has formed a Doji candle which indicates the investor dilemma. Investors should invest as per their risk capacity.
Technical Levels
Major Resistance:$15.52
Major Support:$10.35