Komodo Price Prediction Today: Daily (KMD) Value Forecast – June 26
- From the Fibonacci retracement tool, the crypto’s price has broken the 0.236 and 0.382 Fib. retracement levels.
- The price of the coin is below the EMAs, which indicates the crypto will depreciate in value.
KMD/USD Medium-term Trend: Bullish
- Resistance Levels: $1.70, $1.80 ¸ $1.90
- Support levels: $1.50, $1.40, $1.30
Yesterday, June 25, the price of MKD was in a bearish trend. The KMD market reached a high of $1.700 and commenced a range bound move below the price level. The crypto’s price is retracing from the recent high. The bulls could not sustain price above the EMAs. From the Fibonacci retracement tool, the crypto’s price has broken the 0.236 and 0.382 Fib. retracement levels.
These continuation zones has been broken as the crypto reaches the downtrend zones. The price of the coin is below the EMAs, which indicates that the crypto will depreciate in value. Meanwhile, the price of the coin is in the oversold region of the daily stochastic but below the 20% range. This indicates that price is in a bearish momentum and a sell signal.
KMD/USD Short-term Trend: Ranging
On the 1-hour chart, the KMD price is in a bearish trend. The crypto’s price is fluctuating below the EMAs in a downtrend. The 12-day EMA and the 26-day EMA are sloping southward indicating that price is in a downward trend.
However, if the bearish pressure continues the price would fall into the range bound zone. The daily stochastic is in the oversold region but below the 20% range. This implies that price is in a bearish momentum and a sell signal
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