Today’s BNT Technical Analysis: Bancor Price Forecast on September 16

Today's BNT Technical Analysis: Bancor Price Forecast on September 16

Bancor Price Prediction: BNT Price Crosses Moving Averages

The Bancor (BNT) price is showing indications of an upward movement as it crosses over the 9-day and 21-day moving averages. As of now, BNT is currently worth $0.44 with a market cap of $61.8 Million and a circulating supply of 144.9 Million. The total supply of BNT is 161.1 Million, and it holds the 313th position on Coinmarketcap.

BNT/USD Market Analysis

Resistance levels for BNT/USD are at $0.60, $0.65, and $0.70, while support levels are at $0.25, $0.20, and $0.15. The coin could head towards the upper boundary of the channel if the bulls increase buying pressure. Nonetheless, BNT needs to focus on maintaining positive trend momentum to avoid downward pressure.

Bancor Price Prediction: BNT May Gain More Uptrends

If the bearish movement pushes BNT below the lower boundary of the channel, support levels at $0.25, $0.20, and $0.15 may come into play. As of now trading over the moving averages at $0.44, a sustained move over this level could strengthen positive trend momentum and push the price towards resistance levels at $0.60, $0.65, and $0.70 respectively.

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The Relative Strength Index (14) is crossing over the 60-level, indicating a probable upward movement in the market. Support around $0.40 could be required for buyers to focus on driving the price higher.

BNT/ Bitcoin Grows 13.22% as Price Hits 1682 SAT

Against Bitcoin, BNT is trading over the 9-day and 21-day moving averages. If sellers push the price lower, it may fall below the lower boundary of the channel. Nonetheless, if the bulls break towards the upper boundary, BNT may face resistance at 2100 SAT. On the downside, a bearish movement could bring the price to the level of support of 1050 SAT.

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Alternatives to Bancor

The Bancor price is as of now hovering at $0.44 and may soon surpass the $0.50 resistance level. It has not experienced whole lot of pullbacks yet but may find support at the lower boundary of the channel if required. Recent developments indicate a “buy” recommendation for BNT due to its economical presale rate and probable for whole lot of surge in value.

Hot Take: Don’t Miss Out on Bancor’s Potential

With BNT showing indications of upward movement and positive recommendations, now is a good time to consider acquiring tokens at their current price before they experience a whole lot of surge in value.

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Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.

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