$BAND Breakout Alert!
Band Protocol is retesting the broken descending triangle,
with the MA 50 acting as strong support on the weekly timeframe.
This setup hints at a potential big move! Here's the breakdown:
What’s Happening?
Retest of Breakout: Price is confirming strength above the triangle.
MA 50 Support: A reliable support level, showing buyers stepping in.
Targets After Bounce
If the bounce holds, potential surges could aim for:
$2.80 – First key level for confirmation.
$5.50 – Mid-level resistance.
$10.50 – Strong bullish target.
$16.50 – Long-term breakout potential.
What You Should Watch
1. Support Hold: Price must stay above MA 50 to maintain bullish structure.
2. Volume: Increasing buying volume confirms momentum.
3. Market Sentiment: Follow broader crypto trends for validation.
Next Steps
For Holders: Be patient—this setup is for the long term.
For Traders: Look for clear breakout above $2.80 before entering. Set stop-loss near MA 50 for risk management.
This could be the start of an explosive rally for #BAND—watch closely!