This chart shows that BNT could be following one of two paths. The first path is a massive jump in price out of the gate. The catalyst for this jump could be their partnerships with Status, Aragon, Gnosis, Civic, Neo and Coinmarketcap.com; the creation of the Bancor and the list goes on and on and on. (https://blog.bancor.network/bancor-progr...)
However, if this price action does not play out in the short term due to a large rise in the price of BTC or some other unforeseen cause of resistance, then the price will stabilize within the current between short term support and long term resistance at roughly 0.0007 BTC to 0.0005 BTC .
If Bancor's vision works out, this could be a very good early off-bitcoin-blockchain solution to providing liquidity to decentralized exchanges in 2018/2019, since Lightning Network still seems far away. We'll see how it plays out.
Disclaimer: This information is not reliable or valid or good in anyway. Please ignore this and do not take it for investment advice at all.