KOMODO Price Prediction: Long-term (KMD) Value Forecast – July 27
- There is a lot of very less-activeness in the KMD/USD market operations this week.
- If the bulls continue to lack the mote to exert a sustainable push against the 14-day SMA indicator, the market’s journey may continue being slow down a bit beyond $1 mark in the long run.
KMD/USD Long-term Trend – Ranging
- Distribution territories: $2, $2.50, $3
- Accumulation territories: $0.75, $0.50, $0.25
There has been a chain of deadly range price movements in the valuation line of KMD/USD market this week. On July 23, the pair tried to shoot up slightly against the trend-line of its smaller SMA, but, quickly got reversed. The crypto’s price now hovers tightly along with trend-line of the smaller SMA indicator.
The 50-day SMA trading indicator is a bit located under $1.50 mark over the 14-day SMA indicator within the market ranges of $1.50 and $1marks. The Stochastic Oscillators are in consolidation moves close below range 20 in the oversold zone.
Technically to some extent, the pressure in this crypto market is still in the control of the bears. Only that the forces being imply on the market are not that of forceful. Meanwhile, if the bulls continue to lack the mote to exert a sustainable push against the 14-day SMA indicator, the market’s journey may continue being slow down a bit beyond $1 mark in the long run.
Live komodo (KMD) Price:
1 KMD/USD =$1.5140 change ~ 2.06%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.