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

• Band Protocol (BAND) value was up 16% to $1.90 as main exchanges together with Binance introduced help for its community improve.
• The uptick in cryptocurrency costs, with Bitcoin (BTC) value bouncing to $29,000, additionally noticed NEM (XEM) value rise 4% to $0.04.
• The value prediction for BAND and XEM is for a continued bullish flip, though patrons want to carry essential help ranges.

Bitcoin (BTC) flipped larger from key help that has held over the previous few days, with the bump to $29,000 offering a recent bullish outlook for the cryptocurrency. With BTC value 6% up up to now 24 hours and crypto bouncing as new issues 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 the moment, however what’s their brief time period value outlook?

Band Protocol value prediction: BAND bullish above essential help 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 help the improve, and that has the neighborhood excited. However what’s the BAND value outlook? 

BAND/USD lately broke down from a rising parallel channel on the every day timeframe to hit help round $1.65. At the moment’s double digit features (BAND value is up 16% on the time of writing) has the coin buying and selling above each the 50-day and 200-day exponential shifting averages.

Whereas the upside momentum is more likely to push the value 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 features above the $1.8 degree might depart sellers eyeing $1.33.

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 constructive to hit $0.056 in February 2023.

The cryptocurrency retested the $0.028 help degree once more at the moment, 26 April 2023. However bulls are battling to recoup features amid the general crypto bounce.

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