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BNT/USD is preparing to touch the $0.500 level




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Bancor price forecast reveals that BNT is moving higher with a profit of 5.84%, as the coin is preparing to cross above the channel.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.457
  • Bancor’s market capitalization – $86.5 billion
  • Bancor circulating supply – 198.8 million
  • Total supply of Bancor – 198.5 million
  • Bancor Coinmarketcap Ranking – #258

BNT / USD . market

Main levels:

Resistance Levels: $0.550, $0.600, $0.650

Support Levels: $0.350, $0.300, $0.250

BNTUSD – Daily Chart

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BNT / USD It is trading in green at the time of writing as the coin is preparing to cross above the upper boundary of the channel with a profit of 5.84%. According to the daily chart, the candlestick formation is currently following the upward movement but crossing below the 9- and 21-day moving averages could put the market price south and the nearest support level is located around the $0.450 level.

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Bancor Price Prediction: Bancor price may go higher

The bancor price Currently above the 9 and 21 day moving averages. Meanwhile, an increase above this barrier could trigger an intense buying at the $0.550, $0.600 and $0.650 resistance levels, respectively. On the contrary, Bancor price is likely to hold the support level at $0.420 which might be the daily low. Therefore, if Bancor price drops below this support level, it is likely to reach the nearest support at $0.400.

Meanwhile, critical support could be located around $0.350, $0.300 and $0.250 if the selling volume continues to increase. More so, the RSI of the technical indicator (14) reveals that the market may rise further if the signal line continues to move above the 50 level.

Against Bitcoin, buyers push the coin above the 9-day and 21-day moving averages. Meanwhile, from the upside, the nearest resistance level is above the upper boundary of the channel at 2600 SAT and above as the technical indicator’s RSI (14) stays above the 50 level.

BNTBTC – Daily Chart

Looking at the negative side. The closest support level is at 2200 SAT, if the price falls further to create a new low, then lower support can be found at 2100 SAT and below. In addition, if the 9-day moving average crosses above the 21-day moving average, this could be confirmation that the market may follow the upward movement.

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