With the recent plunge of Bitcoin, BAND/USDT has failed to reach the previous swing highs around $11.50, sending the price back down.
With this recent fall of BAND, we can see the early signs of a bearish triangle in development. The target for this trade setup is the support line marked on the chart, since it's the bottom of the bearish triangle.
@ramgopalvarmareddy, TA is good, but we have to consider fundamentals. And bandprotocol is one of the best oracle/defi token after chainlink. At the moment the marketcap for chainlink is about 9000 millions dollars VS 200 millions dollars for Band. Almost a 45X. not saying Band will do a 45X but the future is bright for this token