Rajarshi Mitra
Independent Analyst
- BAND/USDT jumped up and crossed the 4.50 psychological level this Tuesday.
- Both RSI and 20-day Bollinger Band show that the asset is presently overpriced.
BAND/USDT daily chart
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BAND/USD jumped up from 3.945 to 4.66 this Tuesday as the bulls regained control. This 18.6% rise in valuation caused it to become the biggest mover among the top 100 coins (on CoinmarketCap). The price is trending above the 20-day Bollinger Band and the RSI indicator is moving along in the overbought zone. Both these indicators show that BAND/USDT is presently overvalued and may soon face another bearish correction. Healthy support levels lie at 3.1632 and 3.9453.
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