$BAND , as an established altcoin launched in 2019, has now been around for 6 years. The last significant surge occurred during the last bull market, where it experienced a 20-fold increase. Currently, it has undergone a three-year consolidation, with low liquidity and little market interest. There is still a heavy amount of trapped positions above, and it is estimated that many people are still stuck at high levels.
The market makers have made almost no moves recently; my personal judgment is that they have already made a substantial profit during the last round 😅. Without new major players taking over, it is difficult to replicate the market conditions of the last bull run. The intraday high of $0.94 is a strong resistance level, and it is challenging to break through without substantial positive news; it currently feels more like a simple price increase for selling off. If it can stabilize above the $0.94 level, it may challenge the $1 mark in the short term. For such established altcoins, I recommend focusing on swing trading, and be cautious when chasing price increases.
