Bancor Price Prediction: Bulls Pushing for Upside
The Bancor price prediction remains positive as bulls maintain their desire to push the coin above the 21-day moving average. Here are the key points to consider:
- Bancor price now at $0.42
- Bancor market cap at $61.7 million
- Bancor circulating supply at 145.3 million
- Bancor total supply at 161.1 million
- Bancor Coinmarketcap ranking at #300
BNT/USD Market:
- Resistance levels: $0.55, $0.60, $0.65
- Support levels: $0.30, $0.25, $0.20
BNT/USD undergoes a positive breakout on the daily chart, with gains of over 3.47%. The Bancor price aims to cross above the 21-day moving average at $0.43.
Bancor Price Prediction: Ready for the Upside
The Bancor price is consolidating after trading below the moving averages. If the price continues to surge, it may reach the $0.45 resistance level and look for higher price levels. However, if bears take control, the price may roll back to previous support levels. The Relative Strength Index (14) indicates a bullish movement.
BNT/BTC Aims at the Upside
Against Bitcoin, the Bancor price crosses above the 9-day moving average. Unless it closes above the 21-day moving average, a long-term bullish movement may not be expected. Crossing below the 9-day moving average could lead to bearish continuation. The Relative Strength Index (14) suggests more bullish signals.
Alternatives to Bancor
The Bancor price is hovering at $0.42 as the coin moves to cross above the moving averages. The recovery seems to have started as the Relative Strength Index (14) is likely to cross above the 50-level. This is a good time to buy.
Hot Take: Bancor shows potential for upside movement, but investors should also consider alternatives in the crypto market.
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