Band Protocol (BANDUSD) Price Remains Steady as Momentum Remains Constant
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BANDUSD Analysis – Band Protocol Price Holds Steady as Momentum Remained Constant Above the $1.210 Key Zone
Band Protocol price is held steady as momentum remained constant above the $1.210 critical zone. The price was kept constant for the Band Protocol, whereas the momentum maintained its steady-state close to the zero zone. The token does not currently have a clear purpose, even though its crypto value has been continuously increasing as of late. As soon as price momentum indicates so on the BAND price, either a definitive price sentiment that continues to be bearish or a shift in market tendency will follow.
BANDUSD Price Levels
Resistance Levels: $10.200, $7.190
Support Levels: $3.480, $1.210
After the bullish attempt to push past the $10.200 key barrier, the bearish significance pushes the Band value in the opposite direction. After that came the price range that was the crucial zone, which is between $7.190 and $10.20, and it lasted until selling pressure gained control of the market. As the momentum of the price builds, it continues to acquire more strength to devalue the Band price, and several crucial levels have been breached.
The daily chart shows the market currently ranging after a bearish decline down to the $1.210 key level. A change in tendency should be anticipated following this price accumulation as the momentum indicator remains stable on the daily chart.
Market Expectation
As long as the momentum indicator holds steady, Band Protocol will most likely continue to range. On the other hand, distribution is anticipated, which will lead to either a continuation of the bearish expansion or a change in price toward a bullish tendency, returning to $3.480. On the 4hr chart of the BANDUSD currency pair, the Stochastic RSI (Relative Strength Index) increases as the price keeps going up and down.
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