BTC$61 458.98


ETH$4 082.48


Binance Coin








Band Protocol (BAND): Determining the Retracement Depth

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

The example of Theta (THETA) shows that even the multi-stage rally can end in a very deep correction of 40% or more. As of now, BAND descended “only” by 19% after testing the resistance at $5 twice, although without displaying any panic on the side of sellers.

It seems that traders are waiting to see how the price would interact with the first distinguishable resistance area between $4.17 and $3.96, which could provide an answer to a question regarding who has the upper hand in this market that is obviously overheated, judging from the extreme extension of Bollinger Bands, as well as the fact that MACD hints that the coin is already severely overbought.

We also noticed that the trading volume is on a sharp decline, a sign that buyers have temporarily lost interest in this market or await an opportune moment to re-enter it.

The second evident support level on the daily time frame was established between $2.6 and $2.39, which we have determined to be the ultimate destination for the unfolding correction, reaching which would also mark the commencement of prolonged consolidation. However, traders shouldn’t disregard the continuing hype around the approaching network upgrade, as well as the behavior of Bitcoin that appears to have exited the multi-week stupor, thus leaving the possibility for a short retracement to the first of the two designated support levels with the subsequent explosion to a new all-time high that is likely to be around $5.5 - $6.

All in all, we reckon that the growing interest in blockchain oracles, which is the core of BAND fundamental value, will keep the price of this cryptocurrency from collapsing, so the current retracement is likely to be modest with a further bullish outlook.

Author: Alex Paulson for


Band Protocol (BAND): A Bounce or a Deeper Correction
Band Protocol (BAND): A Bounce or a Deeper Correction
Band Protocol (BAND) Aims at a New All-Time High
Band Protocol (BAND) Aims at a New All-Time High

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 63.6% 76 $61 458.98 1.11% 0.86% $1 158 625 753 535 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 57 $4 082.48 2.76% 4.46% $481 915 061 527 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 70% 60 $482.29 0.16% 3.20% $80 446 405 900 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 87.6% 12 $2.16 0.70% -1.89% $71 167 764 217 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000592 0.06% 0.08% $69 615 287 907 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 69.2% 55 $199.26 -3.69% 24.90% $59 943 388 956 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 71.6% 52 $1.096591 -0.01% -4.83% $51 480 920 850 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 60.4% 79 $43.95 -1.00% 3.42% $43 402 953 033 DOT 7 days price change
9 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $1.000647 0.05% 0.06% $32 532 146 411 USDC 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 72.8% 56 $0.246780 2.75% 2.73% $32 529 149 725 DOGE 7 days price change
11 Terra (LUNA) LUNA Terra predictions 69.2% 65 $43.20 0.80% 16.53% $17 346 794 216 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74.8% 49 $25.88 0.71% -5.55% $15 826 587 358 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 65 $66.01 -2.29% 10.46% $14 541 070 585 AVAX 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 74% 49 $31.21 8.63% 10.49% $14 389 277 934 LINK 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 66.8% 75 $61 467.14 1.06% 0.81% $13 589 956 947 WBTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.