BANCOR (BNTUSD) Price Remains Open for Bullish Projection
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BNTUSD Analysis – Price Remains Open for Bullish Projection
BNTUSD price remains open for bullish projection across the crypto market. The buyers still have it in mind to strive for more trading opportunities above the $0.53100 critical mark. The purchase traders are therefore expected to rally the crypto market forward to fill up the liquidity pool generated by the sellers when they initially dropped the price to the $1.6800 critical zone. The moving averages of 9 and 21 formed a severe cross, indicating a bearish trend until the price reaches $0.44000.
BNTUSD Significant Levels
Resistance Levels: $1.86000, $1.168000
Support Levels: $0.53100 $0.44000
The sellers, without a doubt, have been significantly involved in the market phase over the last three months. Shortly after the accumulation stage at $1.68000 On the daily chart, there is already a steady movement because the buy traders are already buying above the $0.53100 key area.
At the end of July, the price moved away from its previous range of stability. It is currently believed that the buyers are responsible for setting greater highs and lower lows. The stochastic oscillator is already indicating that buyers are on the buying side, with repeated cross-sections hovering around the level of 100.00. However, the momentum indicator has not given a recent spike. An acceleration in price momentum will, as a result, make more room for buying activity across the range.
Market Expectations
Taking a look at the 4hr chart, there is now more disposition for a bullish outline. As buyers continue to make higher highs and lows in the cryptocurrency market, the momentum indicator has already started moving in the right direction. Therefore, the buy traders are preparing to fill in price orders up to the critical zone of $1.68000.
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