The broader crypto market is reeling under renewed bearish pressure, with Bitcoin struggling to hold above $104,000 and Ethereum slipping below the key $2,500 threshold. However, the downtrend has exacerbated the bearish pressure against Band Protocol’s BAND and the Toko token.
The two tokens have become examples of what happens when a market-wide downturn collides with stagnation in project development.
Both tokens have plummeted to levels not seen in years, failing to attract any meaningful bid even during brief moments of relief elsewhere in the market. Their downfall is not purely technical—it is a product of fading visibility, lack of timely upgrades, and vanishing community momentum.
Neither BAND nor Toko has delivered anything tangible in recent quarters to reignite investor interest. The absence of headline-grabbing announcements or fresh integrations has left the projects drifting in a market that is ruthlessly prioritizing utility and innovation.
With no strong narratives or catalysts in sight, the silence around these tokens is starting to speak volumes.
BAND Price Risks Breakdown as Bearish Setup Nears Completion
For the Band Protocol token, the situation is worse than just a market-wide downtrend. BAND price is threatening to confirm a descending triangle pattern on the weekly chart—a bearish continuation setup characterized by a flat support base and a series of lower highs forming a descending trendline.
The pattern typically forms in downtrends and signals seller dominance, with bullish defenses weakening at each bounce. A confirmed breakdown below the horizontal support activates a measured move based on the triangle’s height, projected downward from the breakdown point.
The method assumes that bearish momentum following the breach mirrors the pattern’s vertical size at its widest.
Currently, the Band Protocol price is hovering just above the triangle’s support floor, with selling pressure intensifying amid broader market indifference. If BAND price confirms the pattern, the calculated target will be near $0.29, a price level BAND last visited in April 2020.
Moreover, a bullish rally from here has its difficulties. The nearest resistance for BAND bulls rests at $0.770. This aligns with the 0.618 Fibonacci retracement level from the previous decline. A sustained breakout above this region could invalidate the bearish setup.
However, the current price structure makes such a scenario unlikely without a major shift in market momentum. The uppermost resistance stands at $0.933, near the 0.786 Fib level, but remains out of reach.
With BAND down more than 57% year-to-date, sentiment has turned sharply risk-off. A break below the support floor would open the door to further capitulation. Buyers would likely be watching on-chain and macro cues for any signs of trend reversal. Unless bulls reclaim initiative soon, the technical bias remains firmly in favor of the bears.
TKO Price Nears Breakdown as Selling Pressure Intensifies
Meanwhile, TKO’s fate is not very different than that of the Band Protocol token. The Toko token’s technical structure remains decisively bearish. TKO price’s recent 6-week-long downtrend threatens to breach critical support. With price action now testing support near $0.115, a breakdown could open the gates to fresh all-time lows.
If the downtrend continues, TKO price would enter sub-$0.1 territory for the first time in its trading history. This would be a psychological blow for bulls and a strong signal of investor capitulation.
Momentum indicators reflect nearly oversold conditions, but no reversal signals have emerged. The Relative Strength Index hovers below 35. This underscores sustained weakness without meaningful divergence or confirmation of a bottom. For the bulls to reassert control, they must defend the current support floor and invalidate the broader bearish structure with a decisive bounce.
TKO would encounter overhead resistance at $0.182 if a short-term rebound occurs. This level aligns with the 0.618 Fibonacci retracement from the previous leg down and marks the first meaningful test of buyer strength. Clearing this hurdle would set up a potential move toward the next resistance near $0.229 for the token.
However, the prevailing sentiment leans bearish. With declining volume, muted participation, and sustained rejection from key exponential moving averages, the path of least resistance remains downward. Unless broader market strength returns or a project-specific catalyst emerges, both Band Protocol and Toko token bulls may be on the defensive for the foreseeable future.
