KOMODO Price Prediction: Long-term (KMD) Value Forecast – July 13
- KMD/USD market still fall and rise in price ranges of around $2 and $1.50 marks.
- The market territories between $1.50 and $1 are now regarded as the vantage zones for the bulls to mostly gain the trade advantage.
KMD/USD Long-term Trend – Ranging
- Distribution territories: $2.50, $3, $3.50
- Accumulation territories: $1, $0.75, $0.50
There has been a notable fall and rise in the market valuation of KMD/USD in a range this week. On July 7, the market slightly began dropping at a close mark below $2 upper range price line to briefly go down past lower range point at $1.50 on July 10. Now, price has been hovering around the lower choppy spot.
The 14-day SMA has conjoined with the 50-day SMA indicator from below. And, they are located around the lower range mark of the crypto-mark. The Stochastic Oscillators have slightly crossed at range 40 to indicate the possibility of seeing short ups.
The market territories between $1.50 and $1 are now regarded as the vantage zones for the bulls to always make rational price springs. The $1 price point will remain an intense thick line against subsequent downward moves of the crypto-market in the long run. Meanwhile, joining the trade around $2 point may potentially lead in seeing the bulls’ trap.
Live komodo (KMD) Price:
1 KMD/USD =$1.0662 change ~ -4.07%
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