Trustless swapping distinguishes DeFi protocols. The Balancer protocol powered by BAL comes on top of the AMM pile.
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.
BAL is trading at $57 with favorable candlestick arrangements as adjudged from the Balancer technical analysis.
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.
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.
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.
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 is also below the 20-day moving average—bearish.
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.