Nano Price Prediction: Long-term (NANO) Value Forecast – June 8
- Nevertheless, a bullish break at the $1.800 price level, will enable the crypto rally above the $2.00 price level.
- Similarly, a bearish break at the $1.400 price level will depreciate NANO price to a low at $0.8000.
NANO/USD Long-term Trend: Ranging
- Resistance levels: $2.0000, $2.2000, $2.4000
- Support levels: $1.2000, $1.0000, $0.8000
The NANO/USD pair is in the sideways trend zone. The price of NANO is trading between the levels of $1.400 and $1.800. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto’s price is trading under tight range. In the previous analysis, it was assumed that if the bulls failed to break the $1.8000 resistance level, the crypto's price would continue its range bound move between the confined range.
On May 30, the bulls tested the upper price range and the price made a downward correction to the support of the EMAs. On June 2, the bulls came back to retest the upper range and were resisted again.The price fell to the support of the lower price range. Yesterday, at the support level, the bulls are making a fresh bullish move to retest the $1.8000 price level. However, the fluctuations of price movement will not break strong resistance or support levels.
Nevertheless, a bullish break at the $1.800 price level, will enable the crypto rally above the $2.00 price level. Similarly, a bearish break at the $1.400 price level will depreciate NANO price to a low at $0.8000. The stochastic is in the oversold region but above the 20% range which indicates that the price of Nano is in a bullish momentum and a buy signal.
Live Nano (NANO) Price:
1 NANO/USD =$5.2640 change ~ 1.32%
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