$0.70
$-0.01 (-1.49%)
End-of-day quote: 2022-10-17
BNT/USD

Is Bancor Network currently in an uptrend?

According to analysts, the answer is no. Since November 26, 2021, Bancor Network has been on a long-term downswing, decreasing in value by -81.58 percent. The 200-day moving average is currently 45.58 percent less than the current price, -16.99 percent less than the 100-day moving average, and -34.7% lower than the 50-day moving average.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

The Bancor Network Forecast for 2023

The one-year forecast is generally seen as the most accurate.

Some analysts were optimistic, predicting a 12-month price target of $0.81. Others were much less optimistic, with an anticipated price of $0.61.

The most recent average price target for the following year is $0.70, which is the most crucial number.

This means that Bancor Network could drop by -0.15% in value during 2023.

BNT - Relative Strength Forecast

Bancor Network broke through the 25 strength line from above on 2022-09-21 and then changed into a weak trend, which thereby generated sell signals that lasted one month. Early Oct 2022 we see how the relative strength rises from below 25 to above 25. Thus, Bancor Network has been in a buy signal since 2022-10-05.

BNT - Trend Prediction

BNT - Price Volatility Prediction

From 08/16/2022 we see a strong Bancor Network above the moving average causing rising prices of Bancor Network. From mid Sep 2022 we then see a strong Bancor Network, which then triggers a buy signal.

BNT - Relative Strength

From 08/13/2022 to 08/14/2022 Bancor Network was so overbought that this led to a reversal trend. Mid Oct 2022 we then see Bancor Network developing more and more weakness, which is a sell signal.

BNT - Momentum Forecast

Mid Oct 2022 Bancor Network left the oversold zone to the upside, which led to a short-term _-val__ change in trend. In October we then see weak volatility for Bancor Network for a longer period of time which led to negative signals for Bancor Network.

The Future of Bancor Network In 2025-2030

The future of Bancor Network looks bright according to four analysts who predict that the cryptocurrency will reach $0.70 by March 2025. In five years, the price of Bancor Network is expected to be $0.69, and by 2030, it is anticipated to reach $0.69.