KOMODO Price Prediction: Long-term (KMD) Value Forecast – June 22
- The KMD/USD market's price has been hovering around small space between the SMA trading indicators.
- The sellers appear to be gaining the KIMD/USD market's advantage in a range presently.
KMD/USD Long-term Trend – Ranging
- Distribution territories: $2, $2.50, $3
- Accumulation territories: $1, $0.75, $0.50
The price valuation of Komodo as a base traded against the US dollar has been visibly dropping in a range since the start of the trading sessions this week. Previously, the ranging market movements of the pair were almost perfectly maintained within $2 and $1.50 marks.
Currently, the crypto’s price has been hovering around small space between the SMA trading indicators. The 14-day SMA is a bit located over the $1.50 lower range line and the 50-day SMA is situated underneath them at a near location. The Stochastic Oscillators have slowly moved down to touch range 20 very close to the oversold zone.
The bears still seem to put more pressure on the KMD/USD market around the 50-day SMA. It may only take a while to further push southward past that indicator. On the contrary, the market may still push around the $1.50 lower range mark and the SMA indicators in the next trading days.
Live komodo (KMD) Price:
1 KMD/USD =$1.3700 change ~ 7.93%
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