Band Protocol (BAND) and NEM (XEM) worth prediction as Bitcoin bounces to $29k

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April 26, 2023

Band Protocol (BAND) and NEM (XEM) worth prediction as Bitcoin bounces to $29k

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Band Protocol (BAND) worth was up 16% to $1.90 as main exchanges together with Binance introduced assist 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 essential assist ranges.

Bitcoin (BTC) flipped larger from key assist 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 prior to now 24 hours and crypto bouncing as new considerations hit the banking sector, a number of altcoins look primed to make some first rate strikes.

Band Protocol (BAND) and NEM (XEM) are inexperienced at this time, however what’s their quick time period worth outlook?

Band Protocol worth prediction: BAND bullish above essential assist 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 assist the improve, and that has the group excited. However what’s the BAND worth outlook?

BAND/USD just lately broke down from a rising parallel channel on the each day timeframe to hit assist round $1.65. Immediately’s double digit positive aspects (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 worth of Band Protocol larger, 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 aspects above the $1.8 degree might go away sellers eyeing $1.33.

Band Protocol worth chart. Supply: TradingView

NEM worth prediction: can XEM break larger 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 assist degree once more at this time, 26 April 2023. However bulls are battling to recoup positive aspects amid the general crypto bounce.

The coin presently trades close to $0.04, with about 4% upside prior to now 24 hours. However XEM stays detrimental on the week and prior to now 30 days, buying and selling 11% and 5% down respectively over these time frames.

XEM worth outlook on the each day chart. Supply: TradingView

A bearish crossover preceded the dip to the multi-month low and patrons should reclaim $0.04 to increase at this time’s upside. Additionally, the each 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 probably quick time period state of affairs.