random

Band Protocol

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Major exponential moving averages support the BAND price.</a></li>
 <li><span>2</span> <a>The BAND price has displayed a sign of revival as it bounced back from a critical level.</a></li>
</ul>
<p>Band Protocol is a cross-chain data oracle platform that connects real-world data and APIs to smart contracts. Its native cryptocurrency, the BAND token, has several key roles within the Band Protocol ecosystem.&nbsp;</p>
<p>BAND token holders can stake their tokens to join the platform’s governance, where they have voting rights on protocol updates, changes, and proposals. The tokens can also be used to access specific data feeds on the Band Protocol, allowing developers to create custom data oracles.&nbsp;</p>
<p>Moreover,<a href="https://www.thecoinrepublic.com/2023/11/26/explore-real-defi-tokens-their-impact-on-the-crypto-space/" target="_blank" rel="noopener noreferrer nofollow"> BAND tokens </a>are used to pay for network fees on the Band Protocol, motivating validators to process transactions and maintain the network’s security.</p>
<p>Band Protocol enhances smart contracts with improved functionalities by providing them with access to trustworthy, externally sourced data without the need for a central authority or single points of failure.&nbsp;</p>
<p>It enables developers to integrate any data they need, covering real-world events, sports outcomes, weather data, random numbers, and more into their smart contracts.</p>
<h2 class="wp-block-heading" id="strong-what-3-months-band-open-interest-chart-shows-strong"><strong>What 3-Months BAND Open Interest Chart Shows?</strong></h2>
<p>Band Protocol’s (BAND) open interest is $7.71 Million, as per CoinGlass,and this showed a 6.53% fall from the previous session. The long versus short ratio for 24 hours is 0.9179, which means that there are more longs than shorts. The total number of short positions added in the last 24 hours is $2.01K against the longs of $50.00K.</p>
<p>Therefore, if more OI is generated in BAND, there could be another spectacular rally. This could enable the price to pierce through the resistance level and climb to new levels.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="412" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-592.png" alt="Band Protocol Demonstrates its Capability to Advance Upward?" class="wp-image-182120" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-592.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-592-300x77.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-592-1024x264.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-592-768x198.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-592-1536x396.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-592-750x193.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-592-1140x294.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: by coinglass.com
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="strong-what-band-price-chart-highlights-strong"><strong>What BAND Price Chart Highlights</strong></h3>
<p>The BAND price surged from November 2022, rising higher and higher, generating new peaks and valleys along the way. It displayed a phenomenal growth in the BAND crypto price by February 2023.&nbsp;</p>
<p>Furthermore, it seems like the BAND crypto is on the verge of a clear breakout, as BAND is gathering momentum to shatter the hurdle from the current base zone.</p>
<p>Therefore, if buyers sustain the pressure, the BAND price might surge strongly from the current level. The possible target is $2.00 if the price continues its upward movement. On the contrary, if BAND fails to hold its grip and breaches the $1.00 level, it may fall further.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="621" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-591-1024x621.png" alt="Band Protocol Demonstrates its Capability to Advance Upward?" class="wp-image-182118" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-591-1024x621.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-591-300x182.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-591-768x466.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-591-750x455.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-591-1140x691.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-591.png 1341w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Souce: BAND/USD.1.D. BITSTAMP TradingView
  </figcaption>
 </figure>
</div>
<p>The BAND Protocol crypto price (BAND) is above the 20, 50, 100, and 200-day EMAs&nbsp; (exponential moving average). The EMA is acting as support, taking the BAND price trend up. Therefore, the price prediction suggests that the crypto price could surge if&nbsp; there is an accumulation of buyers.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $1.00</p>
<p><strong>Resistance Levels</strong>: $2.00</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Band Protocol Demonstrates its Capability to Advance Upward?

Table of Contents

Thecoinrepublic.com

Other articles published on Nov 27, 2023

Expert Makes a Case For Coinbase to Pursue Tokenization of COIN on Ethereum and BASE

Unlock the Chance to Win Big with $AGI DIAMOND HAND TICKETS Lottery Event

Crypto Exchange Listing and Delisting Announcements: November 27, 2023

Shiba Inu Burn Rate Explodes 499,416%, Can This Send SHIB To $0.1?

Can Bitcoin Price Reach $47,000? What Do the Latest On-Chain Data Indicate?

Ethereum price falls as regulatory worries and pause in DApp use impact investor sentiment

Join our free newsletter for daily crypto updates!