BAND and Reserve Rights were top performers on the last trading day. While BAND/USDT bulls target $11, RSR/USDT buyers are capped at $0.04.

Band Protocol (BAND)

The Band Protocol cross-chain oracle service provider is one of the most popular, using BAND as its utility currency.

Past Performance of BAND

The token is under pressure but steadying on the last few trading days, as BAND/USDT technical analysis reveals.

BAND prices are up roughly 23 percent against the USD on the last trading, posting minor gains versus ETH.

Meanwhile, the token’s trading volumes are up 6.7X to $190 million, pointing to demand.

Day-Ahead and What to Expect

The path of the least resistance from a Top-Down approach is northwards.

BAND prices fell by over 80 percent after peaking but are now stable within a $6 zone. Caps are at $11 and $5, respectively.

However, BAND prices are below the middle BB and within the May 19 bear bar.

BAND/USDT Technical Analysis

Overly, the DeFi market is recovering.

The immediate support—and bear target stands at $5.

On the upside, the primary resistance level and buy trigger are at $11. Sharp gains, building on May 31 bulls may see BAND/USDT lift-off to $11.

A close above this mark could trigger another wave of demand, driving prices to $20.

However, if BAND prices slide, unwinding progress of last week, bears may quash demand as BAND craters to $5 in a sell trend continuation of May 19.

Reserve Rights (RSR)

The dual-stablecoin platform is live on Ethereum and xDAI. RSR governance token serves to stabilize RSV stablecoins.

Past Performance of RSR

There are attempts of higher high.

However, bears are in control. If RSR/USDT breaks above $0.04, confirming bulls of May 31, RSR prices may expand to $0.06.

On the flip side, an unexpected contraction below $0.02 may force a sell-off towards $0.015 in confirmation of H2 May 2021 liquidation.