July 21, 2021

Did BarnBridge (BOND) Get Back Bullish Momentum?

 BarnBridge, a protocol for token risk, a kind of decentralized finance (DeFi) lego, to create tokens that can be traded to expose consumers to market volatility.

Launched in September 2020 by Troy Murray and Tyler Ward.

BarnBridge is a project that expands DeFi’s functionality to make it more flexible and efficient, which can reduce volatility for conservative investors or increase it for daytraders.

The advantage of BarnBridge is that it can aggregate revenue with fixed income and increase system efficiency, helping to make entry into the crypto industry more personalized and predictable for consumers.

From a traditional financial standpoint, BarnBridge can be used to increase the effectiveness of stock trading.

Interesting if seen on the current movement chart of the BOND/USDT price.

After BOND was listed from Binance on July 5, 2021, BOND has posted an all -time high (ATH) priced around $ 42 in market records.

However, the price movement was not able to maintain consistency until it declined to the support level around $ 20 due to the impact of the ‘market crash’ which has not fully recovered.

On the technical side, the price movement is seen hovering above the support level around $ 20 to regain higher upside momentum.

Crypto analysts expect that if the price movement manages to gain momentum, the SBR (support become resistance) zone around $ 22.5 will be the next focus to be tested before making a higher rise.

However, if the BOND shows a bearish trend again, the price movement will retest the support zone around $ 20 before making a lower decline or making the latest all -time low (ATL).

That level will be the next concern and observation by investors.

At the time of writing, BOND/USDT is trading at around $ 20 with a market value of over $ 75 in the last 24 hours. Coins are currently ranked 300th in the crypto market.