- BNT token price action breaks above 50-EMA during the intraday trading session.
- The 24-hour trading volume is at $72 million.
- BNT/BTC pair is trading positive by 0.1% at 0.00008381 BTC.
The daily technical chart of the BNT token projects a sideways trend. According to Pivot points (FIB), BNT’s crucial support level is $2.80. Conversely, if it moves up, the necessary resistance level to observe is at $3.65. Thus, while the intraday chart forms a Doji candlestick pattern, predicting prices in a sideways trend with medium dependability.
The exponential moving average (EMA) composed of 20,50,200-EMA can be a reliable support for currency price changes. However, investors can observe that the price is below the orange line 200-EMA, ensuring a downward trend of BNT price until it stays below the 200-EMA.
The volume of (287) is beneath the MA of 20-days (1.192K). Buying pressure is moderate in the coin, causing its price to remain around the resistance zones. Investors may also observe diminishing volume bars in the chart, which indicates a big move is expected in upcoming trading sessions.
The Stochastic RSI (overbought) with a value of K-100 D-99 presents a buy signal in the coin. As a result, investors may observe an inclining slant and a positive crossover in the index. It may remain in positive territory for future trading sessions.
Bancor Network (BNT) Token Needs To Break Above Pivot Point
BNT Token price is $3.48, with a daily gain of 7.0% and a weekly gain of 16.9%. In addition, the price is flying way above the 200-EMA. The Stochastic RSI indicator shows a buy signal, and the traders have guided low buying pressure. Technically, the price shows signs of positivity and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $3.65
Support Level: $2.80