The $BAND /USDT chart on Binance reflects a mild bullish trend as the price trades at 0.682 USDT (+2.87%), very close to its 24h high of 0.685 USDT. This indicates strong buying pressure near the upper range.
Key takeaways:
Support & Resistance: The 24h low at 0.629 USDT is the immediate support, while the 0.685 USDT level acts as near-term resistance.
Moving Averages:
Price is above the 7-period MA (0.667) and 25-period MA (0.656) ā bullish short-term momentum.
However, it is still below the 99-period MA (0.706), suggesting a longer-term bearish trend unless price sustains above 0.706.
Volume: The 24h volume of 1.45M BAND and ~946k USDT shows steady participation, supporting the current upward movement.
š If BAND breaks above 0.685 with strong volume, it could target the 99-MA resistance near 0.706. On the downside, failure to hold above 0.667 may trigger a retest toward 0.656ā0.629 support levels.