NANO Price Prediction Today: Daily (NANO) Value Forecast – July 11
- The short and medium-term outlook is in the downtrend.
- Responsible selling at key areas may be considered.
NANO/USD Medium-term Trend: Bearish
Supply zones: $1.80, $1.90, $2.00
Demand zones: $1.00, $0.80, $0.60
NANO is in a bearish trend in the medium-term outlook. $1.17 in the lower demand area of the range was broken shortly after today opening. The cryptocurrency dropped further down to $1.09 in the demand area.
The retest necessary for the correction and confirmation of the continuation occurred as the bulls pushed price up to $1.19. Wick in the candle connote bullish exhaustion as the bears gradually returned.
Price is below the two EMAs and the signal of the stochastic oscillator signal points down at 14% in the oversold region. These suggest a downward momentum in price in the medium-term.
$1.04 in the demand area is the bears' target as the bears' journeys down south.
NANO/USD Short-term Trend: Bearish
The cryptocurrency is in a bearish trend in the short-term outlook. The 10-EMA was a strong resistance against upward price movement. The bears returned at $1.25 in the supply area shortly after today’s opening price at $1.23.
NANOUSD plunges initially to$ 1.10 and later to $1.08 in the demand area.
$1.05 in the demand are is on the card as the bears sustained the momentum down south in the short-term and more candles formed and closed below the two EMA.
Live Nano (NANO) Price:
1 NANO/USD =$5.2069 change ~ 1.75%
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