Band Protocol (BANDUSD) Purchase Response Remains Stable
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BANDUSD Analysis: Band Protocol Purchase Response Remains Stable for a Bullish Reversal
Band Protocol buying response remains strong, indicating a bullish reversal. The price has been identified as a market manipulation that affects sellers and buyers. The market appears to have a quiet propensity. The opening price level for the sellers is around the $1.770 important zone. Despite this, purchasers continue to influence the cryptocurrency market.
BANDUSD Support Levels
Resistance Levels: $10.380, $7.400
Support Levels: $3.100, $1.260
Buy traders want the price to move up close to the $3.100 significant level to continue more buying orders. The selling effect is still causing the price to accumulate. Immediately after this accumulation, when additional investors produce a rush into the market, the buying pressure will intensify. So, it seems likely that the price will go up a lot and get back to its normal level of $3.100.
Since the beginning, the sellers have successfully maintained a somewhat narrow price trend range. Bearish moments have been there for some time now, contributing to the decrease. The selling pressure for BANDUSD has dropped from the crucial level of $7.400 to its current level of approximately $1.260. Buyers need to keep an eye out for signs of bullish development. The Parabolic SAR (Stop and Reversal) indicator reveals that the price trend is already positioning itself for a positive moment on the daily chart. The Chaikin Moneh Flow index shows buyers’ prompt towards a positive region.
Market Expectations
The accumulation price range is represented by the 4-hour chart. Buyers are interested in acquiring other levels priced higher than this range. As long as the Money Flow index on the 4-hour chart remains in positive territory, we should anticipate that bullish expectations will shortly surface.
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