NANO Price Prediction Today: Daily (NANO) Value Forecast – July 25

  • The short and medium-term outlook is in a bullish trend.
  • Traders may look to buy at support area with bullish reversal candlesticks pattern.

NANO/USD Medium-term Trend: Bullish

Supply zones: $1.80, $1.90, $2.00
Demand zones: $1.00, $0.80, $0.60

NANO is in a bullish trend in the medium-term outlook. The bullish momentum resumed after the bearish exhaustion was terminated at $1.10 in the demand area as yesterday session opened. The cryptocurrency rose to $1.23 in the supply area before the end of yesterday session.

$1.21 was today’s 4-hour opening price with pressure on the coin strong by the bulls. Increased momentum pushed the coin up to $1.36 and later to $1.42 in the supply area before the momentum loss.

The retracement may drop price around the resistance area of the10-EMA. With the signal of the stochastic oscillator pointing up at 82% in the overbought region and the two EMAs fanned apart, these suggest an upward continuation. In the medium-term $1.50 a key supply area is on the horizon as the journey up north continues.

NANO/USD Short-term Trend: Bullish

The cryptocurrency continues in an uptrend in the short-term outlook. The breakout in the resistance at $1.10 of the two EMAs triggers the bullish momentum in the short-term during trading yesterday with price risen to $1.23 in the supply area. The rally was sustained during today session with bullish engulfing candles as price rose to $1.43 in the supply area.

The two EMAs are fanned apart with the 10-EMA as support for the bulls each time correction to the downside by the bears and price drops. $1.45 in the support area is the bulls’ target in the short-term.

Live Nano (NANO) Price:

1 NANO/USD =$0.9012 change ~ -0.02%

Coin Market Cap

$120.09 Million

24 Hour Volume

$4.92 Million

24 Hour VWAP

$1

24 Hour Change

$-0.0002

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,428FansLike
2,793FollowersFollow
4,179FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin’s Intrinsic Value has Effectively Doubled After Halving: JPMorgan Report

Bitcoin “markets effectively priced in a 25% decline in the amount spent on energy per day,” says the “Global Markets Strategy: Flows & Liquidity”...

China’s National People’s Congress (NPC) Suggests a Government-Backed Blockchain Fund

The National People's Congress (NPC) in China has proposed the creation of a government-backed blockchain fund in its ongoing annual meeting. The Chinese legislative body...

The Mysterious Entity that Caused the Bitcoin Network fees to Jump 146% in May

Bitcoin price has yet again taken a dive to $8,800, recording a drop of 4%. Meanwhile, Network Demand Score which is a metric incorporating network...

Ledger and Trezor Crypto Wallets Dismiss ‘Rumored’ Hack Through a Shopify Exploit

A hacker has allegedly compromised the databases of Ledger, Trezor, Keepkey and Shapeshift hard wallets in a Shopify exploit. These storages are considered to...

Tulip Trust Addresses are Used by Someone to Sign “Craig Wright is a Liar and a Fraud”

Some of the addresses that Craig Wright, who claims himself to be the pseudo-anonymous bitcoin creator Satoshi Nakamoto, has filed in the ongoing court...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today