KOMODO Price Prediction Today: Daily (KMD) Value Forecast – June 26
- The KMD/USD market has been trading around ranges at $1.50, $1.40, and $1.30 points.
- The Bollinger Middle Band’s trend-line may now play an important part in defining invalidation of the bearish market in the short-term run of the KMD/USD market.
KMD/USD Medium-term Trend: Ranging
- Distribution territories: $1.60, $1.70, $1.80
- Accumulation territories: $1.10, $1, $0.90
The price worth of KMD/USD has been trading around the lower range zone of the present ranging market. On June 23, the pair struggled to move around $1.50 mark which represents the current upper range spot. But, the US dollar pushed back the market line into the range zones which are $1.50, $1.40, and $1.30 points.
The 50-day SMA is located over the Bollinger Middle Band in the range spots. The stochastic Oscillators have slightly crossed to point south at range 20.
The KMD/USD market bears appear striving to push southwards past the $1.30 lower range mark to convincingly change the trend The KMD/USD market bears appear striving to push southwards past the $1.30 lower range mark to convincingly change the trend. However, it may not be easy that low price value below the aforementioned point will be sustained.
KMD/USD Short-term Trend: Bearish
There has been a degree of slight downward movements in the short-term trend of KMD/USD today. The market’s slow-dropping path also sees some weak ups in the process. The Bollinger Bands now point briefly towards the south. That’s an indication that the bears are most likely to continue having the market advantage at the expense of bulls’ weaknesses in the market. The Stochastic Oscillators now consolidate around range 20.
The KMD/USD market bearish trend may continue in the short-term run as long as the market doesn’t reverse to trade above its Bollinger Middle Band’s trend-line. However, the bears are not expected to push past $1.25 mark.
Live Komodo (KMD) Price:
1 KMD/USD =$1.4657 change ~ -3.10%
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