Band Protocol (BANDUSD) Falls to a Pre-Volatility Range
Price Analysis – as Prices Fall, the BANDUSD Falls Into a Pre-Volatility Range
Following the market’s plunge, BANDUSD falls to a pre-volatility range. The market is back to where it all started before a surge in market volatility. The key levels of $7.400 and $4.000 are charged with keeping the price in range, and $5.700 acts as a middle line, alternatively supporting and resisting the price.
The consolidation began following a sharp drop in prices as the bulls got tired after pushing the market to its all-time high in 2020. BANDUSD fell below the $7.400 support to the next support at $5.700, which kept the market afloat till it broke lower to the $4.000 key level on the 26th of October 2020. The coin rallied again, breaking through and springing up from the $5.700 key level to retest the…
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