DeFi · rank #645

Bancor Network BNT

BNT cycle analysis · chart, confirmed lows and fundamentals

$0.3136+0.1% 1d+0.6% 7d-7.9% 30d

Red List Recovering held Phoenix · monthly · score 63.8 mixed

50.5% below its 365-day high of $0.6341 (2025-10-27), +29.6% off the 365-day low. Snapshot 2026-10-21 UTC.

From the peak to today, log scale
0.2460.4840.95242024-052025-072026-10low 0.2419 (88%)false bottommonthly trigger 0.2889
Where it stands

On the Red List.

Held on the Red List: it last met the Red List rules on 2026-10-18. Today it reads Watch; a tier moves down only after five consecutive scans below its rules.

Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.

Phoenix monthly: stopped falling by the rules, +29.6% above the Jul 2026 trough. Details below.

What changed

Since the previous scan.

Tier, recovering badge and Phoenix state are unchanged between these two observations.

Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.

Recorded timeline →

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

Monthly 1

Last bars
2Dr 2Dg 2Ug 2Ug 1r
Confirmed low
$0.2419 · 2026-07-31
Position
3 of median 6.0 (max 10)
Current low
$0.2419 · confirmed
Cycle-low confidence
41% · in band
Confirmed lows
11

Weekly 1

Last bars
2Ug 2Ur 2Dr 2Dr 1g
Confirmed low
$0.2933 · 2026-09-20
Position
5 of median 4 (max 18)
Current low
$0.2940 · unconfirmed
Confirms above
$0.3308
Cycle-low confidence
56% · in band
Confirmed lows
60

Daily 1

Last bars
2Dr 2Dr 1g 2Ug 1g
Confirmed low
$0.2940 · 2026-10-18 (daily)
Position
3 of median 5 (max 19)
Current low
$0.2940 · confirmed
Cycle-low confidence
23%
Confirmed lows
394
The full read, in sentences
  • Monthly: forming bar is a red inside bar. Last confirmed swing low 0.2419 (Jul 2026), month 3 of a cycle that has typically run 6. Cycle-low confidence 41%.
  • Weekly: forming bar is a green inside bar. Last confirmed swing low 0.2933 (Sep 2026), week 5 of a cycle that has typically run 4. Current low 0.294 is unconfirmed — it confirms above 0.3308. Cycle-low confidence 56%.
  • Daily: bar is a green inside bar. Last confirmed swing low 0.294 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 23%.
  • Red List: 50% below the 2025-10-27 high; +30% off the 365-day low.
  • Phoenix: 88% decline over 32 months, monthly swing low confirmed (next-bar), now +30% above the trough; pullback #4 confirmed 2026-09-27.
  • Gauges: Mayer multiple 1.04 (neutral); -41% vs the 200-week average; -97% from the all-time high.

Has Bancor Network bottomed?

A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the BNT snapshot records on 2026-10-21 UTC:

Monthly: the last confirmed swing low is $0.2419 from 2026-07-31. The current candidate is marked confirmed. The latest monthly bar is still forming.

Weekly: the last confirmed swing low is $0.2933 from 2026-09-20. A newer candidate at $0.2940 is unconfirmed; its confirmation level is above $0.3308, provided the candidate low is not undercut first. The latest weekly bar is still forming.

Daily: the last confirmed swing low is $0.2940 from 2026-10-18. The current candidate is marked confirmed.

How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.

How far is Bancor Network below its high?

The Coinbase price snapshot is 50.5% below its rolling 365-day high of $0.6341 from 2025-10-27. Separately, CoinGecko reports -97.1% relative to its all-time high of $10.72 in the fundamentals snapshot pulled 2026-10-21.

Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.

The recorded history

scan observations, not exact transition times

First observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.

  1. Amber List; recovering · Phoenix monthly → Red List; recovering · Phoenix monthly
  2. Watch; recovering · Phoenix monthly → Amber List; recovering · Phoenix monthly
  3. First observed: Watch; recovering · Phoenix monthly

Phoenix

stopped falling, by the rules
Peak
$1.95 · Nov 2023
Trough
$0.2419 · Jul 2026
Decline
-87.6% over 32 months
Above trough
+29.6%
Monthly
confirmed (next-bar) · trigger $0.2889
Weekly
confirmed (next-bar)
False bottom
$0.2422 · Feb 2026 (2 higher highs, then undercut)
Entry
pullback #4 low $0.2933 confirmed 2026-09-27 · trigger $0.3458
Score 63.8
decline28.8
confirmation25
earliness0
stale0
false bottom10
bluechip0

Fundamentals

CoinGecko + DefiLlama, pulled 2026-10-21 .xlsx
Health65 / 100 · Sound
Liquidity (24h volume / market cap)
can you get out
3.66 %10.5 / 15
Supply overhang (FDV / market cap)
unlocked supply waiting to sell
1.0 x15.0 / 15
Size (market-cap rank)
survivorship
645 #0 / 15
Age on Coinbase
survived a cycle
5.8 yrs10.0 / 10
usagecould not look — no source data
tvlcould not look — no source data
momentumcould not look — no source data

4 of 7 measurable; score renormalized over what was measurable.

Market cap
$34.3M
Fully diluted
$34.3M
24h volume
$1.3M
Circulating
99,303,871 of 110,542,365 max
All-time high
$10.72 · 2018-01-08 (-97.1%)
Mayer multiple
1.039 · neutral
vs 200-week avg
-40.8%
Pi cycle
0.451
On Coinbase since
2020-12-15 (2137 bars)
CoinGecko id
bancor

Continue your cycle research

How to read a crypto cycle chart · Calculation rules and sources