KOMODO Price Prediction: Long-term (KMD) Value Forecast – July 29
- Neither the USD nor KMD has been able to end range trading operations ever been featured in the market between them.
- The bulls may build a strong baseline of around $1.10 and $1.05 price levels soon afterward.
KMD/USD Medium-term Trend – Ranging
- Resistance levels: $1.30, $1.40, $1.50
- Support levels: $1, $0.80, $0.60
In spite of July 27 notable drawdown that occurred in most of the crypto-economics, KMD/USD trade also continues to witness its price movements in ranges. At the former stage, the crypto moved by showcasing a line of lower highs until the second form of 4-hour candlestick on the day of trading earlier mentioned.
The 50-day SMA is a bit over the Bollinger Middle Band in the range trading regions of the market. The Stochastic Oscillators are consolidating around ranges 40 and 20.
There has been no clear signal as to begin to nurse the possibility of this crypto-market changing the direction towards attaining stable uprises in near time.
KMD/USD Short-term Trend – Bearish
The US dollar has been able to gain the market advantage while the crypto failed to push past $1.15 mark in the short-term run. Not too long, the pair’s slow downward moves got accelerated towards approaching a low value of $1.05 mark.
The 50-day SMA has conjoined with the Bollinger Middle Band a bit over $1.10. And, the Bollinger Lower Band is briefly pointing to the south. The Stochastic Oscillators have slightly crossed at range 40 towards pointing to the north.
Currently, the pair is trying to find a foundation between the $1.10 and $1.05 levels. The bulls may need to build up a strong baseline around those price points in this crypto trade operation after a while.
Live Komodo (KMD) Price:
1 KMD/USD =$1.1426 change ~ -0.85%
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