Balancer (BAL) and Badger DAO (BADGER) Technical Analysis: Bull Take Charge? - Crypto News

Balancer (BAL) and Badger DAO (BADGER) Technical Analysis: Bull Take Charge?

Balancer (BAL) and BadgerDAO (BADGER) are reversing last week’s losses. BAL/USDT could rip above $65 as BADGER/USDT ease above $35 in a buy trend continuation.

Balancer (BAL)

Trustless swapping distinguishes DeFi protocols. The Balancer protocol powered by BAL comes on top of the AMM pile.

Past Performance of BAL

BAL/USDT prices are within a $7 zone with identifiable intra-day reaction levels at $53 and $60, respectively.

There has been a sharp uptick in trading volumes within the last day, rising 143 percent to $138.65 million.

Day-Ahead and What to Expect

BAL is trading at $57 with favorable candlestick arrangements as adjudged from the Balancer technical analysis.

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BAL is up versus BTC and USD but struggling against a solid ETH in the past week of trading.

The BAL/USDT is within a bear breakout pattern and within Apr 18 trade range from the daily chart.

The rebound, however, is with decent volumes—a reprieve for optimistic bulls.

Balancer Technical Analysis

BAL/USDT prices are within a broader $20 zone with caps at $45 and $65, respectively.

After losses of Apr 18, BAL prices are ranging inside the $20 zone in price action favoring bulls despite the bear breakout pattern below a primary support trend line.

Still, a close above $65 opens up BAL to $100 in the medium-term, mirroring impressive gains of Q1 2021.


Unbridling the $1 trillion of value locked in the Bitcoin network and allowing it to flow in smart contract platforms is what BadgerDAO strives, facilitated by its token BADGER.

Past Performance of BADGER

BADGER prices are within a $6 range area with reaction points at $30 and $36 on the last day.

Buyers are upbeat, but this isn’t reflecting in participation as trading volumes are down five percent to $44 million on the last trading day.

Day-Ahead and What to Expect

Based on Badger DAO technical analysis, BADGER bulls expect a sharp reversal of losses. The coin is trading at $33, adding seven percent on the last day.

Nonetheless, it is around all-time lows with resistance at $35 as BADGER/USDT is in a breakout pattern.

BADGER/USDT Price Forecast

From the daily chart, BADGER bears are in the driving seat.

The immediate resistance is at $35. A close above $35 is possible in a more optimistic approach since there is a three-bar bullish reversal pattern of Apr 24 to 26 with increasing volumes.

A bullish breakout would see BADGER race to $50. Further losses below $20 may trigger a BADGER dump to new all-time lows.



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