BAND is an old altcoin that was launched in 2019. The last significant rally was during the previous bull market, where it increased 20 times. It has been consolidating for three years now. This coin's current rally lacks positive news and liquidity, and it has a large amount of trapped positions. It will be difficult for it to make a significant upward move without new market makers entering. The intraday high of 0.93 is a strong resistance level; if it cannot hold above that, it may lead to a downward trend. Conversely, if it rebounds, it could quickly reach 1u. This type of altcoin can be cautiously accumulated, while continuously monitoring the on-chain capital inflow and outflow situation $BTC$ETH#加密市场回调 #杰克逊霍尔会议
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.