$ 118,077.4
BTC
1.50 %
$ 3,765.47
ETH
1.22 %
$ 0.8261
ADA
1.87 %
$ 782.99
BNB
1.76 %
$ 188.48
SOL
4.26 %

Dalmas Ngetich
Apr 28, 2021

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

Balancer
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.

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

Balancer Daily Price Chart for Apr 28

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.

Badger DAO (BADGER)

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 is also below the 20-day moving average—bearish.

BADGER/USDT Price Forecast

BADGER Daily Price Chart for Apr 28

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.

Balancer (BAL) and Badger DAO (BADGER) Technical Analysis: Bull Take Charge?
Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

Related News

Ethereum Unstaking Period Hits All-Time High; Cathie Wood Points to Robinhood and Treasury Firms
NEWS

Ethereum Unstaking Period Hits All-Time High; Cathie Wood Points to Robinhood an ...

The Ethereum network is currently experiencing an unprecedented surge in unstaking activity, pushing the withdrawal queue to an all-time high of 12 days and 18 hours ...
Ajay Agarwal22 minutes ago
XRP Targets $30: Analyst Outlines Strategic Profit-Taking Roadmap
NEWS

XRP Targets $30: Analyst Outlines Strategic Profit-Taking Roadmap

A prominent market watcher, EGRAG Crypto, has unveiled a detailed profit-taking roadmap for XRP as the digital asset sets its sights on an ambitious $30 valuation. T ...
Sujit Kumaran hour ago
Raoul Pal Declares Bitcoin the "Best-Performing Asset in All History"
NEWS

Raoul Pal Declares Bitcoin the "Best-Performing Asset in All History"

Raoul Pal, the influential macro investor and cryptocurrency proponent, has emphatically stated that Bitcoin stands as the single “best-performing asset in all ...
Ajay Agarwala day ago
SHIB Team Unveils BONE Token's Crucial Role in Shibarium Ecosystem
NEWS

SHIB Team Unveils BONE Token's Crucial Role in Shibarium Ecosystem

The Shiba Inu (SHIB) development team has finally lifted the veil on the “big secret” surrounding its BONE token, clarifying its multifaceted importance ...
Sujit KumarJul 25, 2025
PinkSale AutoStakeYield Fair Launch ad
Bitcoin's Traditional Cycle Theory Declared "Dead" by Top Analyst
NEWS

Bitcoin's Traditional Cycle Theory Declared "Dead" by Top Analyst

Ki Young Ju, the CEO of CryptoQuant, a prominent on-chain analytics firm, has provocatively declared the “Bitcoin cycle theory” obsolete, citing signific ...
Sujit KumarJul 25, 2025