After spending nearly three months being stuck to the price level at $1.2, Bancor Protocol (BAND) bought a place on the rocket that took it straight to $4.8, the new all-time high, thus making traders remember the bull market of 2017/2018.
BAND required no more than 16 days to finalize its massive 326% rally upon hitting the ceiling at the psychological level of $5. We have already provided a comprehensive analysis of the reasons behind such an enormous price spike in the previous BAND price prediction article, so now the question is whether Band Protocol would persist marching to the upside until after the release of the major system upgrade, or has it already climaxed and traders should brace themselves for a sharp correction?
The exhausted BAND goes into a correction - is this the time to exit the market?
If there is an altseason, Band Protocol is surely one of its most prominent participants due to the unprecedented bull rally that has put this coin on the radar of many retail traders. The main thing now, especially for the nascent speculators, is not to be foolish enough to buy at the top as BAND might display the prerequisites for a tangible drop that should result in the price finding the first real lower high.
1-day BAND/USDT chart