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%

Coin Market Cap

$693.82 Million

24 Hour Volume

$15.95 Million

24 Hour VWAP

$5

24 Hour Change

$0.09

 

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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