Price Analysis

LINK Price Stumbles to Bears, Will BAT And BAND Follow

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Highlights

    LINK price begins to knock over, sailing at $1.5 range

    Basic Attention token price lunges deep falls flat.

    BAND price sees constant setbacks, dips further.

The Chainlink price has been dipping to a poor range for the past few days. From $28.6 it dropped to $23.22 and further to $22.5 and sailed at this range for some time. However, lately trying to recover from the steep dip, the pressure ceased and the price surged to an extent to $24.86. Further, it became slightly volatile and kept oscillating. In the last 24hours, the price gained bullish momentum and marked at $25.6, racing towards its previous range. But presently, it’s approaching a downside pressure.

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LINK

At the time of typing, the LINK price is $1.576. In the early hours, the price began to drop from the latest high of $32.7 to its current state. If the current trends continue, the price might stumble down further and hit $24. However, if it grabs some bullish candles, the price may hike to $36.25, continuing the existing pattern.

Technical Specifications 

  • The resistance value is $ 25.34
  • The support value is $ 24.63
  • The indicators point out a sell signal.

BAT Price Begins to Slash

The Basic Attention token was surging rapidly after it fell into a steep bearish trap to $0.606. Following this, the price trend took a turn and kept approaching its nearest ATH every day, by breaking the M lines. The movement has been wavering as it kept slamming at $0.678, $0.699 and so on. Currently, the trend is bearish and the M line can break anytime.

BAT

At the time of typing, the BAT price is $0.685, which is a significant drop from the early figure. In the early hours, the price reached its high of $0.702 but rapidly plunged from there. If the bears line up, in the coming hours, the price can wipe to $0.67. On the other end, the M line may break, as it did previously and approach $1.

Technical Specifications 

  • The resistance value is $ 0.684
  • The support value is $ 0.680
  • The indicators point out a sell signal.

BAND Price Continues Pattern, Currently Bearish

The Band protocol price has slipped deep to $6.406 in the last few days. This marked a steep fall and BAND is trying hard to recoup from it. From then, the price is surging in a particular pattern, approaching new highs. Presently the price has surged in three phases to its current figure. It first hit $7.217, then $7.566 and to $7.803. 

BAND

At the time of writing, the BAND price dropped to $7.553. In the early hours, the price surged to $7.903, but plunged after that following its current fad. In the coming hours, the price might dip to $7.4 with some bears. Consequently, it might surge from this point to reach the new high for the day.

Technical Specifications 

  • The resistance value is $ 7.761
  • The support value is $ 7.509
  • The indicators point out a sell signal.

Also read: WINkLink Price Prediction, All About Prospective WIN Prices for 2021 and Beyond

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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