BAND has gained by around 88% in the last 24 hours, and it was trading at $3.10 at the time of writing. BAND has been under high buying pressure, allowing the token to outperform the broader cryptocurrency market.
BAND price analysis
BAND has been under high buying pressure in the past few days, and it is currently up by 178% in the last week. BAND has been making notable gains amid bullish developments happening in its ecosystem.
BAND has been under intense buying pressure over the past few days. In the last 24 hours, BAND’s price has moved between $1.65 and $3.61, indicating a notable spike in volatility. The current buying pressure could allow BAND to rally higher and test the $3.50 resistance again.
Over the past day, BAND has reported trading volumes of $1.23 billion, making it the most traded low cap crypto. Despite the triple-digit gains, BAND is still down by 86% from its all-time high of $22 that was created in April last year.
The Relative Strength Index (RSI) for BAND is currently at 47, indicating that the buying pressure has weakened, and sellers could start swarming in, and the price could drop lower. The same possibility of a trend reversal is also highlighted by the Moving Average Convergence Divergence shows that the price could likely drop lower.
If BAND drops lower, the price will likely drop to $2.95, speculative traders will likely start selling, and the price will plunge lower. It is not likely for BAND to rally to $10 in the short term, as the broader market is still consolidating.
BAND rallies amid V2.4 upgrade
Band Protocol has plans to upgrade BandChain to v2.4. The upgrade will raise the MaxGas per block to 50M Gas and increase the oracle’s throughput. The Band Protocol has already initiated voting for this upgrade.
BAND is soaring as investors wait for this upgrade to be rolled out, as it could support the growth of Band Protocol’s ecosystem.
Three altcoin alternatives to buy
If you are buying BAND as it pumps, you might consider diversifying your portfolio with some of the best presales happening today.
One of these presales is for Dash 2 Trade. Dash 2 Trade is a platform that will give crypto investors access to trading signals, social sentiment, and other tools to help them make informed trading decisions. The D2T presale has raised more than $4.75 million.
The other presale you need to consider investing in is IMPT. IMPT powers the IMPT.io platform that seeks to lower carbon emissions. IMPT is attracting much attention from ESG investors as a green crypto, and its presale has raised more than $12 million.
The other is the Calvaria presale. Calvaria has the potential to be one of the best play-to-earn games because of its novel approach to attracting both traditional and crypto gamers. The RIA presale has raised more than 1.36 million USDT.
- How to Buy Band Protocol Token – 2022 Guide
- Top 5 Altcoins to Buy for 100x Gains Following the Recent Crash
- New Crypto Coins to Buy on September 17
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members