• The Bancor price prediction may continue to settle above the 9-day and 21-day moving averages as the coin heads to the upside.
• If buyers keep the coin above the moving averages, it may remain on the upside and break resistance levels of $0.50, $0.52, $0.54, and $0.56 respectively.
• On the downside, traders may expect a further drop to support levels of $0.39, $0.37, and $0.35 if bears manage to fuel the market..

Bancor Price Prediction

The Bancor price prediction may continue to stay above the 9-day and 21-day moving averages as buyers post firm commitments into the market. Currently trading at around $ 0.47, an early trading session can take BNT / USD towards higher grounds breaking above resistance level of 045$. If bulls manage to keep control over support levels then further rally is expected leading up to resistance levels of 050$, 052$, 05$4 and 056$ respectively while a bearish scenario could see a dip in prices towards support levels at 03$, 03$7 & 03$5 accordingly.

Technical Analysis

Looking at daily chart technical indicators such as Relative Strength Index (14) are showing positive signs as they enter into overbought region indicating further bullish movements ahead for BNT/USD pair . Against Bitcoin pair also has been performing well with continual buying pressure seen in markets pushing it towards resistance level of 215 SATS .

Possible Outcomes

If bulls are able to sustain their control over markets then further rally is expected with clear breakouts being seen past mentioned resistance levels leading up to new heights for BNT/USD pair . On other hand if bears take charge then prices could fall back down towards its previous supports with possibility of going even lower than that if selling pressure increases .

Risk Factors

Investors should be aware that there will be certain risks involved when investing in cryptocurrencies such as Bancor including volatility risk , liquidity risk & regulatory risk which must be taken into account before making any decisions regarding investments . It is advisable for investors make their own research before investing in cryptocurrency markets or seek professional advice where necessary .

Conclusion

Overall trend appears bullish but investors should not get carried away by excitement & instead use proper risk management techniques whenever investing in cryptocurrency markets like BNT/USD pair so that losses can be minimized while profits can be maximized accordingly .