Komodo Price Prediction Today: Daily (KMD) Value Forecast – June 12


  • From the Fibonacci retracement tool, the crypto’s price is in the 0.236 and 0.382 Fib. retracement levels.
  • If the crypto’s price is above the 12-day EMA and the 26-day EMA, the crypto’s price is likely to rise.

KMD/USD Medium-term Trend: Ranging

  • Resistance Levels: $1.70, $1.80 ¸ $1.90
  • Support levels: $1.50, $1.40, $1.30

Yesterday, June 11, the price of KMD was in a bullish trend. The KMD market reached a high of $1.500 price level. The bulls were resisted and the market was on a downward trend to the support of the 12-day EMA. If the crypto’s price is above the 12-day EMA and the 26-day EMA, the crypto’s price is likely to rise.

From the Fibonacci retracement tool, the crypto’s price is in the 0.236 and 0.382 Fib. retracement levels. These are the continuation zones of the Fibonacci tool. The price is above the EMAs, which indicates the crypto will appreciate in value. Meanwhile, the price  is in the oversold region of the daily stochastic but above the 40% range. This indicates that price is a bullish momentum and a buy signal.

KMD/USD Short-term Trend: Ranging

On the 1-hour chart, the KMD price is in a sideways trend. The crypto’s price is fluctuating between the levels of $1.40 and $1.70 in a tight range. The 12-day EMA and the 26-day EMA are sloping horizontally indicating that price is in a sideways trend.

However, if the bearish pressure continues, the price will fall into the range bound zone. The daily stochastic is in the overbought region but above the 60% range. This implies that price is in a bullish momentum and a buy signal.

 

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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