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Band Protocol Technical Analysis: BAND/USD touches $8 briefly after listing on Coinbase

  • The interest in DeFi is still extremely high as most projects are experiencing significant price surges.
  • BAND/USD has hit a new all-time high at $8 after getting listed on Coinbase.
Band Protocol Technical Analysis: BAND/USD touches $8 briefly after listing on Coinbase
Lorenzo StroeLorenzo StroeIndependent Analyst

Band Protocol, one of the best performing altcoins and DeFi projects in 2020 has seen another massive 50% breakout after Coinbase Pro announced it will be listed on the exchange on August 11. BAND is currently trading at $7.71 after a brief pullback but the bullish momentum is still strong. 

BAND/USD daily chart

BANDUSD

BAND is obviously facing very little resistance as it is hitting new all-time highs. The trading volume has been increasing in the past three days, especially after the announcement from Coinbase’s listing.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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