Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Price action in the BNT daily market had recently ramped through the $0.600 mark, and short traders took advantage of the price increase to take out some profits from this market. This caused price action to spiral downward through multiple support levels. Nevertheless, as of now, buyers seem to have regained control deep in their court.
BNT Statistics:
Bancor Value Now: $0.4375
BNT Market Cap: $64,694,943
Bancor Circulating Supply: 145,366,887
Bancor Total Supply: 161,196,921
BNT CoinMarketCap Ranking: 297
Key Levels
Top: $0.4375, $0.4500, and $0.4650
Base: $0.4300, $0.4200, and $0.4100
BNT Price Leaps Towards the $0.4523 Resistance
The price action in the BNTUSDT daily market has corrected upwards after hitting the 78.60 Fibonacci Retracement level as a support. Also before the rebound, price action had stayed around this mark as if it were finding it hard to break it down. Consequently, this shows that support here is a stronghold for buyers. At this point, the Bancor token now trades above the 9-day Smooth Moving Average (SMA) curve.
Simultaneously, the Moving Average Convergence Divergence MACD indicator lines continue to approach an upside crossover just below the equilibrium level. Likewise, this indicator keeps revealing that downward forces are losing momentum, as its bars are now appearing pale red. As a result, this will give room for the ongoing upside correction to gain momentum.
Bancor Keeps Gathering Upside Momentum as Predicted
The Bancor 4-hour market reveals that the upside momentum is gaining strength, as mentioned earlier. Here, it could be observed that prices have increased from $0.4375 to $0.4377. Although this seems like quite a small increment, it shows that the market is progressing as predicted. The last price candle here leaps up off the 9- and 21-day SMA curves.
However, the Stochastic Relative Strength Index (RSI) indicator lines seem a bit mangled and are now oriented generally sideways, which doesn’t hold much impetus for this market. Nevertheless, traders can hope for this upside correction to extend through the $0.4600 mark.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.