Bancor Price Prediction for Today, August 29

On Aug 29, 2023

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The Bancor price prediction manages to maintain its position as the bulls maintain the desire to push the coin above the 21-day moving average.

Bancor Prediction Statistics Data:

Bancor price now – $0.42
Bancor market cap – $61.7 million
Bancor circulating supply – 145.3 million
Bancor total supply – 161.1 million
Bancor Coinmarketcap ranking – #300

BNT/USD Market

Key Levels:

Resistance levels: $0.55, $0.60, $0.65

Support levels: $0.30, $0.25, $0.20

BNTUSD – Daily Chart

BNT/USD undergoes a much-needed break to the positive side as the market opens today. The Bancor price is currently posting gains of over 3.47% within the chart, with the coin aiming to cross above the 21-day moving average at $0.43.

Bancor Price Prediction: Bancor (BNT) Ready for the Upside

The Bancor price resumes back in the middle of consolidation after trading below the 9-day and 21-day moving averages. In the meantime, if the market price continues the surge and moves toward the upper boundary of the channel, the $0.45 resistance level is likely to come into play and the Bancor price may look for higher price levels if the bulls show commitment.

At the time of writing, the market displays a sign of subduing volatility with choppy price action. If the Bancor price decides to stay under the control of bears, the price may roll back to the previous supports at $0.30, $0.25, and $0.20 below the lower boundary of the channel. But on the upside, traders can expect the next levels of resistance at $0.55, $0.60, and $0.65. In addition, the technical indicator Relative Strength Index (14) is moving to cross above the 50-level, which indicates that bullish movement may play out.

BNT/BTC Aims at the Upside

Against Bitcoin, the Bancor price is seen crossing above the 9-day moving average in other to reach the nearest resistance level at 1700 SAT. Unless the coin crosses above the 21-day moving average, and the price ends up closing above it, there might not be any reason to expect a long-term bullish movement.

Bancor Price Prediction for Today, August 29 – BNT Technical Analysis — BNTBTC – Daily Chart

However, crossing below the 9-day moving average could refresh lows under 1500 SAT, and a possible bearish continuation may likely meet the critical support at 1200 SAT and below while the buyers may push the coin to the potential resistance level of 2000 SAT and above as the technical indicator Relative Strength index (14) remains above 50-level, suggesting more bullish signals.

Alternatives to Bancor

At the time of writing, the Bancor price is hovering at $0.42 as the coin moves to cross above the 9-day and 21-day moving averages. The recovery seems to have started as the technical indicator Relative Strength Index (14) is likely to cross above the 50-level. However, in other to recover properly, BNT/USD may need to continue its up-trending growth in the coming days.

On that note, as the presale draws to a close, Wall Street Memes (WSM) is gearing up to channel this momentum into the upcoming official launch phase. The token is regaining its strength and has promptly captured the attention of investors, successfully raising over $25 million and the best time to buy is now.

Wall Street Memes – Next Big Crypto