KOMODO Price Prediction: Long-term (KMD) Value Forecast – July 22
- KMD/USD market has continued to hover around $1.20 price level.
- If the KMD/USD bulls cannot push northwards between $1.20 and $1.15 mark, they may reinforce from low levels of around $1.10 and $1 points afterward.
KMD/USD Medium-term Trend – Ranging
- Resistance levels: $1.40, $1.50, $1.60
- Support levels: $1, $0.80, $0.60
There has been a long-ranging trend of variant price movements in the market worth of KMD/USD quite a while in the medium-term run. Most of these choppy price movements featured in lower lows than lower highs on the sell signal side of the SMA trading indicator. As at present, the market has continued to hover around $1.20 price level. And, that point has taken as the median spot of $1.30 and $1.10 range regions of the crypto-trade.
The trading indicators arrayed in the range of trading spots.. The Stochastic Oscillators have taken to a long slantingly bent posture. And, they have briefly moved past range 20 into the oversold zone.
The crypto-market is now approaching a pivotal line at $1.10 mark as it did towards the end of last month June. If the price moves a down a bit to test the point, then it could result in support for a bullish market baseline again.
KMD/USD Short-term Trend – Ranging
The KMD/USD market short-term trend has featured a series of lower lows around $1.20 and $1.15 price levels. Yesterday, the pair also moved in a range at a higher market level compared to the present. As at the time of writing, the market value continues to hover around the $1.15 mark. The 50-day SMA and the Bollinger Upper Band are at the Upper choppy point. The Stochastic Oscillators have crossed the hairs to slightly point to the north a bit over range 20.
At that market level of $1.15 mark, the bulls are expected to push back the force northwards. But, if they lack the energy, they may have to reinforce from a low level found around $1.10 point.
Live Komodo (KMD) Price:
1 KMD/USD =$1.2644 change ~ 0.86%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.