Main Chainlink crypto oracle rival BAND Protocol has revealed a mega integration with Arc – is BAND worth set for a comeback in November?
Band’s knowledge feeds at the moment are stay on Circle’s Arc testnet, giving builders an early option to faucet on-chain worth knowledge as BAND reveals a small carry on the charts.
Band Protocol mentioned on Monday that it has linked its worth oracles to Arc’s public testnet. The primary feed gives USDC/USD knowledge for groups constructing stablecoin-focused finance instruments.
The rollout went stay on November 10 and is described as an preliminary step earlier than including assist for extra belongings as Arc strikes towards mainnet.
Band Protocol states that the mixing is designed to allow tasks to acquire dependable pricing with low latency, this implies developers can combine the reference contract into their apps as we speak, with wider protection anticipated over time.
Why Is Arc Attracting Banks, Asset Managers, and Fee Companies?
As of November 10, BAND modified fingers close to $0.487, up about +2.6% over the previous day. Buying and selling stayed inside a decent $0.474–$0.499 vary.
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Arc is Circle’s new open Layer-1 community constructed for stablecoin settlement and tokenized markets. Its public testnet went stay on October 28, with greater than 100 early individuals, together with banks, asset managers, and fee corporations.
In response to Circle’s press launch, Arc is designed to make dollar-based transactions straightforward to cost and settle. The community goals for sub-second finality, elective privateness, and direct hyperlinks to Circle’s broader product stack.
Band Protocol is now feeding verifiable USDC worth knowledge from BandChain into Arc’s testnet. This allows sensible contracts to retrieve pricing data with minimal delay. BAND says it views the transfer as a part of a multi-oracle setup designed to reinforce reliability for DeFi and real-world asset purposes on Arc.
A reference contract is already out there for builders engaged on the testnet.
Circle leaders describe Arc as an “Financial OS for the web.” CEO Jeremy Allaire said that the testnet is producing “exceptional early momentum” as corporations throughout capital markets, banking, and funds start to construct on the community.
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BAND Value Prediction: Will a Shut Above $0.50 Set off a Transfer Towards $0.55–$0.60?
BAND worth itself continues to commerce in a downward setup on the 4-hour TradingView chart. It sits close to $0.488, with the 100-EMA near $0.498 appearing as a ceiling.
The 50-EMA is round $0.482 and stays beneath the 100-EMA, which retains sentiment weak regardless of short-lived bounces.
The chart nonetheless reveals decrease highs and decrease lows because the early-September spike. Makes an attempt to recuperate in late September and October failed at decrease factors every time.
The breakdown in October pushed the worth right into a slim $0.46–$0.50 zone, the place it stays in a decent vary.
Current candles are small and combined. That alerts hesitation after the drop, however no clear shift in development. The broader construction is a descending channel.
The newest bounce misplaced momentum on the channel line and the 100-EMA. This locations close by resistance at $0.498–$0.50.
(Supply: BAND USDT, TradingView)
The subsequent provide zones are positioned close to $0.55 and $0.60, the place the worth has reacted earlier than. A gentle shut above the 100-EMA and the descending trendline can be the primary trace that momentum is flipping, and it might enable a transfer again towards these ranges.
Help sits round $0.46–$0.47, then $0.43–$0.44. The $0.40 space marks a deeper flooring based mostly on previous buying and selling.
If the worth breaks beneath $0.46, sellers are more likely to stay in management, rising the probability of one other drop throughout the channel.
Buying and selling exercise has thinned since September’s spike. A lot of the heavier quantity has occurred throughout down strikes, which often favors the bears.
Till the amount broadens and the worth reclaims $0.50, the market tone stays impartial to gentle.
For now, bulls want a transparent break and maintain above the 100-EMA and the trendline. With out that, the simpler path stays sideways to decrease contained in the channel.
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The publish BAND Protocol Integrates With Arc: Is BAND Value Set For Come Again? appeared first on 99Bitcoins.
