It was not till early November that the Band Protocol market skilled an explosive bullish worth breakout. The market had been flat for a very long time. Prior to now, it had no clear path. The worth simply retains shifting at round $1.136 with a really slender horizontally shifting worth channel. Now, the value channel is shifting upward as bulls safe new increased helps 

Band Protocol Market Worth Statistic:

• BAND/USD worth now: $2.08
•  BAND/USD market cap: $71,434,641
•  BAND/USD circulating provide:35,191,821.00
•  BAND/USD whole provide: 100,000,000
•  BAND/USD coin market rating: #255

Key Ranges

• Resistance: $ 2.5, $3.0, $3.5
• Assist: $1.5, $1.0, $0.5

Band Protocol Market Worth Evaluation: The Indicators’ Level of View

On November 3, we see a large buy of the token and the bullish worth hit $3.000. Surprisingly, this robust bullish transfer didn’t instantly set off robust promoting stress. Nevertheless, it appears to be like like the value couldn’t transcend the $3.000 resistance degree. The bulls ultimately succumb to the bearish resistance on November 6, however increased assist was fashioned and the bulls prepares to face the $3.000 worth degree once more. However now, the bulls need to face a brand new decrease resistance. The resistance has shifted to the $2.4 worth degree. Out there right this moment, we see new increased assist. In keeping with the Bollinger band indicator, the value channel adjustments path to the upside. That is because of the new increased assist that has simply been fashioned. In keeping with the RSI, the momentum measurement leans barely to the bulls’ facet as the road measures 55. However MACD’s sentiment favours the bears because the MACD line crosses under the sign. Nevertheless, the road exhibits indicators of an upward rebound.

BAND/USD 4-Hour Chart Outlook

From this standpoint, we see the market worth hanging precisely within the midpoint. The candlestick representing the third session is a doji. This portrays the tug-of-war within the session. Though the value channel turns into more and more slender, it seems the bulls have discovered one other barely increased assist (resting on prime of the easy shifting common). The market is about for one more bullish run that may take the value above $3.000

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