KOMODO Price Prediction: Long-term (KMD) Value Forecast – June 29


  • KMD/USD market still struggling to move northwards past the $1.50 point.
  • And, in the long run, the $1 mark may be eventually broken southward to find foundation around $0.50 mark.

KMD/USD Long-term Trend – Ranging

  • Distribution territories: $2, $2.50, $3
  • Accumulation territories: $1, $0.75, $0.50

Over a couple of days, the KMD/USD trade has been getting lower moves around $1.50 mark down to the point of touching the immediate accumulation price territory of the market. The pair still struggling to move northwards past the $1.50 point. The 14-day SMA now appears trying to cross the 50-day SMA indicator from the top.

The Stochastic Oscillators have slightly crossed a bit over range 20 to point to the north.
There are indications now signifying the bears’ forces getting weaker towards the market’s accumulation territory mark at $1.

Meanwhile, if the bears continue to consolidate their stance in the market around the $1.50 mark, the current range market movements will be prolonged until the next trading sessions. And, in the long run, the $1 mark may be eventually broken southward to find foundation around $0.50 mark. Traders are enjoined to watch out for a strong price action that can result from a reversal from downward market movement to initiate a buy entry order.

Komodo:

Live komodo (KMD) Price:

1 KMD/USD =$1.4935 change ~ 2.94%

Coin Market Cap

$186.12 Million

24 Hour Volume

$3.3 Million

24 Hour VWAP

$1

24 Hour Change

$0.04

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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