BNT/USD Ranges; Price Could Hit $0.45 Support

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The Bancor price prediction shows that BNT may cross below the lower boundary of the channel as the coin may settle in consolidation.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.47
  • Bancor market cap – $75.9 million
  • Bancor circulating supply – 158.6 million
  • Bancor total supply – 161.1 million
  • Bancor Coinmarketcap ranking – #319

BNT/USD Market

Key Levels:

Resistance levels: $0.60, $0.65, $0.70

Support levels: $0.35, $0.30, $0.25

Bancor Price Prediction for Today, April 30: BNT/USD Ranges; Price Could Hit $0.45 Support
BNTUSD – Daily Chart

At the time of writing, BNT/USD is pushing for consolidation around $0.47 as the coin may cross below the lower boundary of the channel. However, the technical indicator is returning to the bearish scenario as the Relative Strength Index (14) moves to cross below the 40-level which reflects the influence of the sellers over the price.

Bancor Price Prediction: BNT Price May Consolidate Below the Channel

The Bancor price touches the resistance level of $0.48 but the sharp drop is affecting the buyers from an attempted recovery above the 9-day moving average. Meanwhile, BNT/USD is likely to cross below the lower boundary of the channel to touch the nearest support level of $0.45.

According to the daily chart, the coin is on the negative side, but buyers are expected to come into the market to correct the current market value with a possible jump above $0.50. Meanwhile, if there is an increase in buying pressure, the price may break above the 21-day moving average. While trading above this barrier, a bullish continuation could reach the resistance levels of $0.60, $0.65, and $0.70 respectively.

On the other hand, if the coin drops below the lower boundary of the channel, a minimum swing below this barrier may bring the market to the support level of $0.40. Exceeding this level could take the coin to $0.35, $0.30, and $0.25 support levels.

Against Bitcoin, the bears are showing a serious commitment within the market, and according to the recent negative sign; the bearish trend may continue as much as the buyers failed to push the price above the 9-day and 21-day moving averages.

BNTBTC – Daily Chart

However, the technical indicator Relative Strength Index (14) is likely to cross into the oversold region as the signal line nosedives toward the south. Therefore, any further bearish movement could hit the support level of 1300 SAT and below, but a bullish cross above the 21-day moving average may push the price to the resistance level of 1900 SAT and above.

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