• 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.
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 .
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 .
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 .
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 .