BNT/USD Trades Near $0.50 Resistance

The Bancor price prediction shows that BNT crosses above the 9-day and 21-day moving averages as the coin shoots to the upside.

Bancor Prediction Statistics Data:

• Bancor price now – $0.34
• Bancor market cap – $55.8 million
• Bancor circulating supply – 162.5 million
• Bancor total supply – 162.5 million
• Bancor Coinmarketcap ranking – #287

BNT/USD Market

Key Levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

BNT/USD is currently trading at $0.345 after touching the daily high of $0.490, and it is likely to return above the 9-day and 21-day moving averages. However, in case the buyers were able to push the price above the resistance level of $0.50, the daily candlestick may close above this level, and the price could rally towards the upper boundary of the channel.

Bancor Price Prediction: Bancor Gets Ready for the Upward Movement

According to the daily chart, the Bancor price is moving close to the resistance level of $0.40 as the coin prepares to create an additional gain. The technical indicator Relative Strength Index (14) is also moving to cross above the 50-level, with the signal line pointing up to indicate a buy signal.

Nevertheless, if the buyers were able to push and keep the price above the 9-day and 21-day moving averages, the Bancor price may rally towards the upper boundary of the channel to hit the potential resistance levels of $0.50, $0.55, and $0.60 while crossing below the lower boundary of the channel could bring the coin to the supports at $0.25, $0.20, and $0.15 respectively.

Against Bitcoin, the Bancor is following a bullish surge, and it may swing high to cross above the upper boundary of the channel which could locate the resistance level of 2400 SAT and above. On the other hand, if the market price crosses below the lower boundary of the channel, it could reach the support level of 1800 SAT and below.

However, the technical indicator Relative Strength Index (14) is currently moving to cross above the 50-level as the signal line points to the north to confirm the bullish movement. Moreover, any further bullish movement may create additional gains above the channel.

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