I think BAND has those chances to increase, and maybe the price will pass $10 in a short time. We don't know because as long as bitcoin price still is like this, the altcoin and the token will be up and down following bitcoin price. BAND have less total supply than LINK tokens, so maybe that can make the price to increase higher. But we should wait for a while and see what will happen to the market.
Basically the increase was not due to supply, I see that the increase in BAND is very significant because the public is aware that Chainlink's dominance in data providers will be taken over by BAND, even you may not have heard of one of the other competitors, namely Tellor in providing Oracle data
The other scenario is that some groups do pump and dump for the price, which makes people think that the price can increase because many people buy and sell the coins. We will see what will happen to the project and the coin at the market, and if the coin is really worth and has the potential to give benefits to people, I think the price will increase.