🔻 $BAND is seeing some selling today.
Price is now at 0.557, down by about 7%, which is a decent pullback.
Looking at the chart, BAND actually had a pretty strong run earlier. It moved up nicely from around 0.533, hitting a high of 0.635. That showed buyers were pretty active and willing to push it up. But after reaching that top, it started to cool off.
Now it’s dropped back close to the average line at 0.555, trying to hold this area. If it can stay above this level, maybe it finds some support and builds a new base. If not, we might see it slip back to retest that 0.533 low again.
It’s pretty normal for prices to pull back after a quick rally people take profits, weak hands get out, and the market looks for new buyers.
Just my own thoughts on what’s happening here not financial advice, just sharing how I see it. 💛
