BANDUSDT Tests Downtrend Line With 0.5% Gain, Eyes 76.14% Upside

BANDUSDT is currently at a pivotal juncture, testing a long-standing downtrend line that has acted as a resistance since November 2024. The cryptocurrency is trading at $0.6818, with a slight 0.5% increase over the last 24 hours. This price action has formed higher lows leading up to the current trendline retest, indicating a potential for a breakout.

The immediate resistance level to watch is $0.6944. A daily close above this level could confirm a breakout and open the door for a move toward the next major target at $1.20. This target represents a potential gain of approximately 76.14% from the current price. The breakout range is visually supported by a green price zone on the daily chart, and price acceptance above this zone could lead to increased volatility.

On the support side, $0.6599 remains a critical level. Holding above this support is key to maintaining upward momentum. If the price fails to stay above this level, the bearish structure could remain intact for the short term. The current technical setup suggests that BANDUSDT is at a critical point, with traders closely monitoring volume and momentum confirmation for a potential breakout.

According to the analyst's forecast, the measured move from the current breakout structure projects a potential upside target near $1.20. This represents a substantial price zone shift if validated. The range begins around $0.72 and extends into the $1.20 level, reflecting a significant potential gain for traders who enter at the breakout point.