Band Protocol (BAND) is showing promising signs for a long trade. Here are some key points to consider:
- *Current Price*: BAND is trading at $0.74, with a 3.35% increase in the last 24 hours.
- *Technical Indicators*: The summary technical rating for BAND/USDT is "buy", with a strong buy signal from moving averages and a neutral signal from oscillators.
- *Bullish Patterns*: BAND has broken out of a falling wedge with solid momentum, signaling a potential trend reversal. It has also formed an inverse Head & Shoulders pattern on the 4H timeframe, indicating a potential bullish reversal.
- *Resistance Levels*: The key resistance level to watch is $0.80, with potential targets at $0.99, $1.053, and $1.183 if the breakout sustains.
- *Support Levels*: The main support zone is at $0.65, and $0.681 is a crucial level to hold for long-term momentum.
Some analysts predict BAND's price to reach¹ :
- $0.923: A potential target if the breakout sustains
- $1.053: A possible target in the short term
- $1.183: A long-term target if the trend reversal continues.
