Band Protocol has been consolidating for quite some time under the first Fibonacci retracement. Once we break 8 we should see quick gains to 16. Any further gains would send us up towards the next Fibonacci number of 27.5. I could see this happening in the next few months. Possibly by summer. The end goal would be a double extension which lets us finish year 2021 at $40. Band Protocol is still working through phase 2 of development , they are at 70 liquidators currently and projected network growth from 70 to 100 validators can get us the network growth to get us to 16. Data request have been on a steady rise which can eventually get us to 27.5 . Mass onboarding of new clients can get us to end of year 40.
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*validator not liquidators