Komodo Price Prediction: Long-term (KOMODO) Value Forecast – June 8
- The bulls' energy hasn't been exhausted totally in the KMD/BTC market.
- The KMD/BTC market may experience rejections around projected areas of between B0.00025 and B0.0003 points.
KMD/BTC Long-term Trend – Bullish
- Distribution territories: B0.0003, B0.00035, B0.0004
- Accumulation territories: B0.00015, B0.0001, B0.00005
There is a line of bullish sentiment been playing out relatively in the KMD/BTC market valuation all these while. The pair was previously down to move in a range around the immediate accumulation territory at B0.00015 mark for a sizable number of trading sessions.
Notably, between May 28 and 30, the market slightly began to push northwards from the range spot. Presently, the market has been trading in a slow-down motion around a bit over B0.0002 mark. The 14-day SMA has very briefly intercepted the 50-day SMA from below to give a nudge to the current slow upswing movement of the crypto-economy.
The market has been depicted to have reached its overbought zone, but the Stochastic Oscillators still indicate that the bulls’ capacity in the current consolidation movement hasn’t been totally exhausted. Therefore, the market’s journey to the north is still somewhat imminent until the emergence of rejections around projected areas of between B0.00025 and B0.0003 points.
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