KOMODO Price Prediction: Long-term (KMD) Value Forecast – June 15
- KMD/USD trade has been intensely featuring higher highs and higher lows closely above the 14-day SMA's trend-line.
- Traders need to be cautious and be on the lookout for a strong price action that may emanate from an upward movement of the market.
KMD/USD Long-term Trend – Ranging
- Distribution territories: $2, $2.50, $3
- Accumulation territories: $1, $0.75, $0.50
There has been a notable chain of choppy price movements this week in the market of KMD/USD. The market’s range spot has been a bit located above $1.50 horizontal price line. The 14-day SMA has also slowly dabbed past the aforementioned price mark.
The 50-day SMA indicator is located underneath the 14-day SMA. The Stochastic Oscillators are now consolidating around ranges between 80 and 60. That depicts that there could be more expectations for the market to continue in its current range price motions.
Seemingly, the bulls’ force to push the KMD/USD further to the north is now prone to losing out in strength while struggling to average most of the market’s distribution territories. Therefore, the market may experience visible variant corrections around the price territories which the bears are evenly expected to take charge of the crypto-trade. Traders need to be cautious and be on the lookout for an active price action that may emanate from the market’s upswing correction presumably afterward in the long run.
Live komodo (KMD) Price:
1 KMD/USD =$1.2064 change ~ 4.20%
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