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BANDUSD Is Ready to Rise Despite Rejection

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BANDUSD Is Ready to Rise Despite Rejection

BANDUSD Analysis – Price Is Ready to Rise to the $10.000 Significant Key Level

BANDUSD is ready to rise in the bulls’ market despite price reactions at an $8.000 significant price level. The market’s bulls and bears are unable to create a unified flow of movement. This is due to both traders being willing to take the price to their desired level in the market. The market trend is based on price movement, to reach the $10.000 important price level. As a result, the price may return to this level before the bearish trend takes hold.


Significant BANDUSD Levels

Resistance Levels: $10.000, $8.000
Support Levels: $6.800, $4.300
BANDUSD is ready
BANDUSD appears to have experienced both trader’s trends between the vast range of $10.000 and $4.300 significant price level. The price was initially seen plummeting from the $10.000 significant price level, breaking through many significant price levels. The market then traded as the bear gained power and continued to surge south, breaking through the $6.800 significant price barrier. BAND Protocol then dropped to a significant zone at the $4.300 significant price level, where the price was checked twice before reversing.

A reversal, therefore, was inevitable after the price had tested the $4.300 significant price level. The bulls then carried the price, rallying it upward. Furthermore, several price levels were also broken as the bulls continued to gain control. As the price eventually reached the $10.000 significant price level, the tides began to change as the bears started to bring the market down to a $6.800 significant price level. BANDUSD eventually started to rise after a retest as the price had broken through the $8.000 significant price level.

BANDUSD is ready
Market Forecasts

On the 4hour chart, the bulls are shown displaying power after regaining control from the bears. Band Protocol is primed to climb, as the price appears to have retested the $8.000 significant price barrier. The Momentum indicator suggests that price movement is rising. This shows that bulls will continue to rise. The MACD (Moving Average Convergence and Divergence) indicator indicates price responses set to pass the 0.00 level, suggesting that the bullish rejection is ended and the price will aim higher. BANDUSD is thus primed to climb despite price rejection at the $8.000 significant price level.

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