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BANDUSD Price Is Stimulated to Rise Despite Bearish Opposition

June 22, 2022

#BANDUSD#Crypto#Crypto Analysis#CRYPTOCURRENCY#Daily Chart#Market Expectation#NEWS#Price Action#Technical Analysis

BANDUSD Analysis- Price Is Stimulated to Rise Far Beyond $1.1000 Despite Bearish Opposition

BANDUSD price is stimulated to rise far beyond $1.1000 despite bearish opposition. For the past few months, the selling segment has demonstrated an analytically increasing level of strength. This fact alone has contributed to a greater reduction in the price of the BAND Protocol token due to selling traders competing with buying moments. Even though buyers have also tried to change the direction of the price, the bearish tendency to control the BAND token has only made it possible to put in less effort.

BAND Protocol Key levels
Resistance Levels: $10.1700, $6.2800
Support Levels: $3.0300, $1.1000
BANDUSD Price Is Stimulated To Rise, Despite Bearish Opposition
The traders of the crypto market acquired the value of BAND Protocol to as high as $10.1700 critical level in December 2021. The negative trend inclination on the BANDUSD Protocol began due to the increasing infusion of sell traders. The sell traders’ first penetrated significant zone was the $6.2800 price level, as traders began to dump its value.
Bearish activity did not abate, even though the token started moving in a downward direction. The downward trend in selling prices has broken through previous lows and is continuing to make new lows as the decline continues. Therefore, BANDUSD price is falling below the critical $3.0300 level. There has been a consistent increase in the BANDUSD price on the daily chart for some time now. Since the stochastic oscillator shows that the bears’ market is already too low, the buyers aren’t getting much power to push prices up.
BANDUSD Price Is Stimulated To Rise, Despite Bearish Opposition

BAND Protocol Expectations

Buyers have a start and stop session as the price drops back to the $1.1000 key zone. When more buying tendency is included in the BAND price, there will be a change in its structure as buyers will buy far into the $3.3000 key zone.

 

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Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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