The Bancor price prediction reveals that BNT failed to follow the bullish movement as its price retreats to push higher.
Bancor Prediction Statistics Data:
- Bancor price now – $0.76
- Bancor market cap – $104.1 million
- Bancor circulating supply – 135.7 million
- Bancor total supply – 161.1 million
- Bancor CoinMarketCap ranking – #282
Resistance levels: $1.32, $1.34, $1.36
Support levels: $0.28, $0.26, $0.24
According to the daily chart, BNT/USD is hovering at $0.76 so it couldn’t take more days for it to catch up above the $1.00 resistance level. However, the Bancor price has not seen any major pullbacks yet but may use the 21-day moving average for support if it happens. Meanwhile, the most important signal for Bancor is the break of $0.80, which represented a major resistance level. Therefore, should the case of bulls break above the 9-day moving average, they may confirm another uptrend.
Bancor Price Prediction: Will BNT Break $0.80 or Reverse?
The Bancor price may succumb to selling pressure if the price drops below the 21-day moving average at $0.70 support. Meanwhile, the Bancor price hasn’t changed much during the past few days. The digital asset is currently staying above $0.75 but might not face a lot of resistance until it gets to the $0.80 level.
However, the 9-day moving average is still above the 21-day moving average, therefore, if the 9-day MA drops below the 21-day MA, the market price may likely resume the downtrend to hit the supports at $0.28, $0.26, and $0.24, but if it breaks toward the upper boundary of the channel, the potential resistance at $1.32, $1.34, and $1.36 may be visited.
BNT/BTC Could Retreat to the Downside
Against the BTC, the Bancor price is currently ranging. However, if the price rises, buyers may be posing an additional threat to sellers that may push the coin above the moving averages where the nearest target is located. Meanwhile, an eventual break above this barrier may cause the coin to spike to the upside.
On the contrary, any bearish movement below the lower boundary of the channel could hit the main support at 1500 SAT before falling to the critical support at 700 SAT and below. However, as the 9-day MA remains above the 21-day MA, the buyers may push the market to the potential resistance at 3600 SAT and above.
The Bancor price resumes back in the middle of consolidation after trading below the 9-day moving average. In the meantime, if the market price continues the surge and moves toward the upper boundary of the channel, the $1.20 resistance level is likely to come into play and the Bancor price may look for higher price levels if the bulls show commitment.
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