Band Crypto Analysis Over Daily Chart!

Jul 27

From mid-October 2023 to mid-March 2024, the price of BAND has grown nearly 200%. In that span of time, the price advanced from $0.991 to $2.908. However, instability led to price plummetation, where the price ended in a falling wedge for nearly 120 days.

Thereon, the broader market sentiment turned green with BTC's rise from July 5th onwards. In the past 3 weeks, the BAND has increased more than 65%.

The indicators show that the price has breached the 50-day EMA and has been facing a struggle to pierce the 200-day EMA. The MACD has surged with a growing histogram at $0.037, and the RSI flashed at 66.09.

Therefore, if the price advances then it could encounter resistance at $1.85, and $2.34, respectively. However, if the price dips then the price could hit supports at $1.28, and $0.92, respectively.