BAND USDT Band Protocol Technical Analysis

Band Protocol logo In this Band Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for BAND-USDT. Band Protocol (BAND) is a decentralized governance platform that enables community-driven decision-making for blockchain networks. Through its innovative voting mechanism, BAND provides a fair and transparent way for users to participate in the development of their favorite blockchain projects. By giving users a say in the direction of their chosen networks, Band Protocol is helping to create a more decentralized and democratic future for the cryptocurrency industry.

Band Protocol Price Overview:

As of September 22, 2023, Band Protocol is trading at approximately 1.069 USDT. Let’s dive into the detailed price action for BAND-USDT:

Metric Value
Open (O) 1.059
High (H) 1.085
Low (L) 1.051
Close (C) 1.069
Volume (C) 455,147.90
  • Open (O): The opening price for today’s trading session was approximately 1.059 USDT.
  • High (H): Band Protocol reached a daily high of around 1.085 USDT.
  • Low (L): The daily low for BAND-USDT was approximately 1.051 USDT.
  • Close (C): At the time of analysis, Band Protocol is trading near its daily close of 1.069 USDT.
Metric Value
1D Change (%) 0.85%
3D Change (%) -0.47%
7D Change (%) 3.09%
30D Change (%) 3.99%
90D Change (%) -14.96%
YTD Change (%) -24.08%

Over the past three days, BANDUSDT has dropped by approximately -0.47%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 3.09%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BANDUSDT maintaining an upward trend of approximately 3.99%, despite intermittent fluctuations. Examining the last 90 days, BANDUSDT has witnessed substantial fall of approximately -14.96%, reflecting strong long-term confidence. Year-to-date, BANDUSDT has steadily depreciated by around -24.08%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Band Protocol Live Chart:

You can access a live price chart for BAND-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.31921.
  • Momentum score is 0.03988.

BAND USDT Technical Analysis

Band Protocol Trading Volume:

The trading volume for Band Protocol (BAND) over the past 24 hours has been insignificant, with approximately 455,147.90 USDT traded against BAND. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): BAND is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Band Protocol is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for BAND-USDT is currently in the neutral zone, around 48.11691. This suggests that Band Protocol is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Band Protocol (BAND-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.