- Band Protocol (BAND) worth was up 16% to $1.90 as main exchanges together with Binance introduced help for its community improve.
- The uptick in cryptocurrency costs, with Bitcoin (BTC) worth bouncing to $29,000, additionally noticed NEM (XEM) worth rise 4% to $0.04.
- The value prediction for BAND and XEM is for a continued bullish flip, though patrons want to carry vital help ranges.
Bitcoin (BTC) flipped increased from key help that has held over the previous few days, with the bump to $29,000 offering a recent bullish outlook for the cryptocurrency. With BTC worth 6% up previously 24 hours and crypto bouncing as new issues hit the banking sector, a couple of altcoins look primed to make some first rate strikes.
Band Protocol (BAND) and NEM (XEM) are inexperienced at the moment, however what’s their quick time period worth outlook?
Band Protocol worth prediction: BAND bullish above vital help degree
The Band Protocol community improve is approaching 27 April 2023 and the native BAND token is surging. Main exchanges, together with Binance are set to help the improve, and that has the neighborhood excited. However what’s the BAND worth outlook?
BAND/USD not too long ago broke down from a rising parallel channel on the day by day timeframe to hit help round $1.65. Right this moment’s double digit positive factors (BAND worth is up 16% on the time of writing) has the coin buying and selling above each the 50-day and 200-day exponential transferring averages.
Whereas the upside momentum is more likely to push the value of Band Protocol increased, the important thing resistance zone is on the $2.0 psychological degree. A bullish efficiency over the following few days might see patrons goal $2.8.
On the draw back, failure to consolidate positive factors above the $1.8 degree might go away sellers eyeing $1.33.
Band Protocol worth chart. Supply: TradingView
NEM worth prediction: can XEM break increased this time?
The XEM cryptocurrency has largely plateaued since its descent from highs of $0.77 reached in March 2021. Having corrected to lows of $0.028 in December 2022, XEM/USD flipped optimistic to hit $0.056 in February 2023.
The cryptocurrency retested the $0.028 help degree once more at the moment, 26 April 2023. However bulls are battling to recoup positive factors amid the general crypto bounce.
The coin at the moment trades close to $0.04, with about 4% upside previously 24 hours. However XEM stays damaging on the week and previously 30 days, buying and selling 11% and 5% down respectively over these time frames.
XEM worth outlook on the day by day chart. Supply: TradingView
A bearish crossover preceded the dip to the multi-month low and patrons must reclaim $0.04 to increase at the moment’s upside. Additionally, the day by day RSI beneath the 50 line doesn’t counsel a lot pleasure for bulls and a possible downward break to $0.033 after which $0.028 is a extra seemingly quick time period situation.
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