BNT/USD Trades With 1.32% Gains

The Bancor price prediction shows that BNT is attempting to cross above the 9-day moving average to increase the bullish movement.

Bancor Prediction Statistics Data:

• Bancor price now – $0.47
• Bancor market cap – $75.3 million
• Bancor circulating supply – 157.2 million
• Bancor total supply – 157.2 billion
• Bancor Coinmarketcap ranking – #341

BNT/USD Market

Key Levels:

Resistance levels: $0.55, $0.57, $0.59

Support levels: $0.40, $0.38, $0.36

BNT/USD peaks at $0.48 today, after which the coin begins to consolidate within the channel. Meanwhile, the price not crossing above the 9-day moving average may ruin the long-term technical picture of the coin. Meanwhile, the Bancor (BNT) will have to stay above the 9-day moving average in other to guide against the downward pressure while the closest support expects the coin at $0.45, which could be a daily low.

Bancor Price Prediction: Bancor Likely to Hit $0.50 High

At the time of writing, the Bancor price is likely to trend to the upside and the movement above the upper boundary of the channel could push the coin to the resistance levels of $0.55, $0.57, and $0.59. On the downside, any bearish movement below the 21-day moving averages could stop the initial upward movement and create bearish momentum with a focus to bring the market to the next support levels of $0.40, $0.38, and $0.36 respectively.

At the moment, the technical indicator Relative Strength Index (14) keeps moving above the 50-level, which indicates that the market may follow an uptrend. Looking at the daily chart, the 9-day moving average remains above the 21-day moving average which could allow the buyers to concentrate on stirring action to the north.

Against Bitcoin, the Bancor is likely to slide below the 9-day and 21-day moving averages. Meanwhile, following the recent negative sign, the BNT price may go down if the sellers sustain the pressure further.

However, if the bears succeeded in breaking toward the lower boundary of the channel, the market price may touch the support level at 1800 SAT and below. In other words, any positive move could allow the coin to go above the upper boundary of the channel and push the price to the resistance level of 2300 SAT and above but, the technical indicator Relative Strength Index (14) is likely to cross below the 50-level which could boost the bearish movement.

Bancor Alternatives

The Bancor price is facing an uptrend as the cryptocurrency gets ready for an additional bullish cross above the upper boundary of the channel. However, the Stellar price may continue its initial bullish momentum if bulls push the price above the resistance level of $0.50. Moreover, Fight Out (FHGT) is a new token with the aim of giving all users access to retail trading. Through its presale, they have raised up to $5 million for this objective. Therefore, Fight Out’s crypto presale has recently commenced while the project has been witnessing impressive traction from users and the investor community.

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