BAND Network Partners With Arc: Is BAND Price Positioned For Recovery?

BAND Platform, a leading competitor to the Chainlink crypto oracle, has announced a significant integration with Arc – will BAND’s price experience a resurgence in November?

The data feeds from Band are now operational on Circle’s Arc testnet, providing developers early access to on-chain price data while BAND shows a slight uptick on the charts.

On Monday, Band Platform reported that it has linked its price oracles to Arc’s public testnet. The initial feed delivers USDC/USD data for teams developing stablecoin-related financial tools.

The launch took place on November 10 and is considered a preliminary measure before broader asset base level as Arc prepares for its live platform launch.

According to Band Network, this integration is intended to allow projects to obtain dependable pricing with minimal latency, enabling developers to incorporate the reference contract into their applications immediately, with broader coverage anticipated in the future.

Why Is Arc Attracting Banks, Asset Managers, and Payment Firms?

As of November 10, BAND was trading around $0.487, reflecting a rise of approximately +2.6% in the past 24 hours. Trading remained within a narrow range of $0.474–$0.499.

Arc represents Circle’s new open Layer-1 network designed for stablecoin settlements and tokenized markets. Its public testnet was launched on October 28, featuring over 100 early adopters, including banks, asset managers, and payment companies.

According to a press release from Circle, Arc aims to simplify dollar-denominated transactions for pricing and settlement. The platform strives for sub-second finality, optional privacy, and direct connections to Circle’s extensive product offerings.

Band Network is currently providing verifiable USDC price data from BandChain to Arc’s testnet, allowing smart contracts to access pricing information with minimal delay. BAND considers this initiative part of a multi-oracle configuration intended to bolster reliability for Decentralized finance and real-world asset applications on Arc.

A reference contract is already accessible for developers engaged with the testnet.

Circle executives describe Arc as an “Economic OS for the internet.” CEO Jeremy Allaire noted that the testnet is generating “remarkable early momentum” as entities across capital markets, banking, and payments begin to develop on the platform.

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BAND Price Prediction: Will a Close Above $0.50 Trigger a Move Toward $0.55–$0.60?

BAND’s price remains in a downward trend on the 4-hour TradingView chart. It hovers around $0.488, with the 100-EMA at approximately $0.498 acting as barrier level.

The 50-EMA is positioned around $0.482 and stays below the 100-EMA, contributing to a weak sentiment despite occasional small recoveries.

The chart continues to demonstrate lower highs and lower lows since the early September surge. Recovery attempts in late September and October were thwarted at progressively lower levels.

The decline in October pushed the price into a constrained $0.46–$0.50 range, where it remains closely contained.

Recent candles are small and mixed, indicating indecision following the drop, yet without a clear trend reversal. The broader structure illustrates a descending channel.

The latest rebound lost strength at the channel line and the 100-EMA, placing immediate price ceiling at $0.498–$0.50.

(Source: BAND USDT, TradingView)

The next token supply areas are identified near $0.55 and $0.60, where the price has previously reacted. A consistent close above the 100-EMA and the descending trendline would signal a potential shift in momentum, allowing for a move back toward those levels.

Base level is located around $0.46–$0.47, followed by $0.43–$0.44. The $0.40 level indicates a deeper price floor based on prior trading activity.

Should the price break below $0.46, sellers are likely to maintain control, raising the possibility of another decline within the channel.

Trading volumes have decreased since the spike in September. Most of the higher volumes have been observed during declines, typically favoring pessimistic outcomes.

Until trading volumes increase and the price surpasses $0.50, the market sentiment remains neutral to weak.

For the time being, bulls need a decisive break and hold above the 100-EMA and trendline. Without that, the more likely path is sideways to lower movement within the channel.

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The article BAND Protocol Integrates With Arc: Is BAND Price Set For Come Back? first appeared on 99Bitcoins.