NANO Price Prediction Today: Daily (NANO) Value Forecast – June 27
- The short and medium-term outlook is in the downtrend.
- Responsible selling at key demand area.
NANO/USD Medium-term Trend: Bearish
Supply zones: $1.80, $1.90, $2.00Ë
Demand zones: $1.00, $0.80, $0.60
NANO is in a downward trend in the medium-term outlook. The formation of the bearish railroad during yesterday session signal the bears returned. NANO dropped to $1.22 in the demand area after a high of the day at $1.40 in the supply area. The lower demand area t $1.4 was also broken.
A retest of the broken demand area was achieved after a brief push to $1.46 after today’s session. This serves as the market correction and a confirmation of the bearish continuation in the medium-term.
The journey to $1.40 demand area is on with further confirmation by the signal of the stochastic oscillator signal pointing down at 11% which implies downward momentum in price of the cryptocurrency in the range in the medium-term.
NANO/USD Short-term Trend: Bearish
The cryptocurrency continues in the downtrend in the short-term outlook. The bearish spinning top during yesterday session confirmed the bears' takeover of the market. $1.61 was the high while $1.25 was the low of the day.
Today market was held under the bears' control after opening price at $1.36 with a further drop to $1.20 in the demand area.
The trendline was a strong resistance against upward price movement. A push to the trendline may occur before the drop to $1.41 in the demand area as the bears increase momentum down south in the short-term.
$1.10 is on the card as the bears' pressure becomes stronger with more candle opened and close below the two EMAs.
Live Nano (NANO) Price:
1 NANO/USD =$6.7394 change ~ 3.77%
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