As a cryptocurrency that emerged in 2019, BAND has undergone a lengthy three-year consolidation since the last bull run. During the previous bull run, BAND achieved an astonishing 20-fold increase, but the current market conditions are different.

Currently, BAND is facing multiple challenges. The lack of clear positive news and insufficient liquidity are two major issues among them. In addition, a large number of investors are still in a trapped state, adding extra pressure on the price increase. Without new capital injection, it is difficult for BAND to achieve significant breakthroughs.

From a technical perspective, $0.93 is a key resistance level. If BAND cannot firmly break through this level, it may trigger a rapid decline. Conversely, if it can effectively break through, it is expected to quickly rise to the $1 mark.

For investors, BAND may represent an opportunity for light participation. However, caution is necessary. It is recommended that investors closely monitor on-chain capital flows, as this may provide important clues for future price trends.

In the context of the overall correction in the current cryptocurrency market, the performance of BAND is worth noting. At the same time, the upcoming Jackson Hole meeting may have an impact on the entire financial market, indirectly affecting cryptocurrency prices. Investors should consider these factors comprehensively to make informed investment decisions.