• WAN/USD market has slowly continued to trade below $0.30 value until the present.
• The 14-day SMA indicator is expected to play a vital role in defining the WAN/USD market's trend.

WAN/USD Long-term Trend: Bearish

• Distribution territories: $0.40, $0.50, $0.60
• Accumulation territories: $0.15, $0.1, $0.05

The market trend of WAN/USD is somewhat in a bearish outlook as the trade has slightly fallen from a point a bit above $0.30 mark. The market has slowly continued to trade below the market value until the present.

The 14-day SMA trading indicator has been trending towards the south above the market point. And, it is underneath the 50-day SMA indicator that is a below the $0.40 immediate territory of the crypto-trade. The Stochastic Oscillators are now seemingly attempting to cross the hairs at range 20. And, that appears to signify the possibility of witnessing more downs in the market.

Currently, this crypto trade seems getting set to enter a range moving trend in near time. And, that assumed range moves are most likely going to feature around $0.30 and $0.20 price territories. The 14-day SMA has to play a vital role in defining the trend in which the crypto’s price will respect most in this crypto-economy.

Wanchain:

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