- Band Protocol closed the previous day’s trade at $2.67 with a market capitalization of $93.83 million and a circulating supply of 35.19 million
- BAND price surges high after maintaining a stagnant trend for more than 4 months but fails to reclaim the levels it traded before the May crash
- Meanwhile, the bulls appear to be poised to uplift the price in the upcoming months to secure positions beyond the ATH
Band Protocol Price Prediction Today
|BAND Price Prediction for Today||$4.15(53.29%)|
|14 Day RSI||86.47|
|Fear and Greed Index||33(Fear)|
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Band Protocol Technical Analysis
- Following the recent price, the BAND price has fairly consolidated within a symmetrical triangle, hovering along the lower support.
- Meanwhile, the trade setup remains bullish due to the formation of a bull flag as the price approaches the apex of the consolidation.
- With a breakout, the Band Protocol is expected to rise above $3 and reach the pivotal resistance level of $3.2.
- Furthermore, if the bulls maintain their strength, an increase above $4 may be expected.
Band Protocol On Chain Analysis
- The Supply on exchanges has been surging ever since the market collapsed in May, signifying the availability of enough liquidity to carry out any trade
- Top address holding tokens between 1M to 10M has been rising, meanwhile, the holders holding tokens between 10K to 1M have dropped significantly. Therefore, it can be assumed that the whales may have increased their holdings
- Woefully, the daily active addresses have witnessed a significant drop of late which indicates less participation of the traders over the platform.
WILL Band Protocol PRICE REACH $8.5 TODAY?
The bulls appear to be exhausted to a large extent since the token marked the monthly highs. With a brief consolidation, the price is approaching the peak of the consolidation, but volume has been drastically reduced, so no sharp surges or falls are expected. As a result, until a significant volume is induced, the asset may remain less volatile.
Meanwhile, indicators such as the RSI and MACD are bearish. The RSI is settling into lower levels, while the MACD is approaching a bearish cross-over. Hence, the BAND price may remain consolidated below $2.7, and as the trade approaches the daily close, volatility may increase, resulting in a price increase. Therefore, the Band Protocol price prediction for today is between $2.8 and $3.01.
WILL Band Protocol Price Reach $10 by the End of November 2022?
Since the token dropped from critical levels around $3.3, it has been trading along the lower support. The recent price increase, which began in the first few days of November, has increased the price by more than 200% in just a few days. The bears are working hard to keep the price from reaching $3, but the bulls, who are currently calm, are expected to regain enough momentum to reach new highs soon.
The BAND price may consolidate for a while in the coming week before reclaiming the critical levels at $3.5 initially. Furthermore, the bulls are expected to push the price above $5.5 as soon as possible. As a result, the Band Protocol price prediction for the week is around $4.1, and the price prediction for the month is around $5.7.
Band Protocol Price Prediction 2025-2030
Band protocol has risen from the levels it traded before the beginning of the 2021 bull run. While the fractals indicate that the bulls are currently exhausted, the indicators show the resurgence of a significant upswing. Hence, the BAND token price may initially reclaim yearly highs before attempting to test the higher target beyond a 2-digit figure.
As a result, the Band protocol prediction for 2025 may be around $. Meanwhile, the long-term forecast appears to be extremely bullish, with BAND price prediction for 2030 approaching a three-digit figure.
|Year||BAND Price Forecast|
|2022||$6.5 to $6.9|
|2023||$11 to $13.8|
|2024||$20 to $31.9|
|2025||$39 to $44|
Band Protocol News Today
- The proposal for Band Protocol mainnet, ‘BanDChain’ is upgraded to V2.4 is live and the voting is open until November 17th, 2022
🎉 BandChain mainnet upgrade to V2.4. proposal is live!
🗳️ To vote: https://t.co/zE1yhCXMK0
👉 More Details: https://t.co/DJHygzksw2
⏰ Voting Deadline: Nov 17th, 22
.$band #bandchain pic.twitter.com/a93l4Q0oRF
— Band Protocol (@BandProtocol) November 3, 2022
- Band Protocol collaborated with Osmosis, a decentralized exchange designed for the Cosmos ecosystem.
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