WANCHAIN Price Prediction Today: Daily (WAN) Value Forecast – July 22
- The short and medium-term outlook is in a bearish trend.
- Responsible selling may be considered.
WAN/USD Medium-term Trend: Bearish
Supply zone: $0.7000, $0.8000, $0.9000
Demand zone: $0.1500, $0.1300, $0.1000
WANUSD is in a downtrend in the medium-term outlook. The rally that began on 17th July at $0.2173 in the demand area was terminated at $0.2751 in the supply area on 21st July. The inverted pinbar coupled with the resistance at the 50-EMA area potential reversal signals. $0.2488 in the demand area was yesterday low before the end of the session.
Despite today session opening on a bullish at $0.2608the resistance at the 50-EMA rejected further upward price movement at $0.2671 in the supply area. The cryptocurrency is down at $0.2570 below the two EMAs and the stochastic oscillator signal points down at 53%. These suggest a downward continuation in price in the medium-term.
$0.2173 is on the card as the bears' pressure becomes stronger in the journey down south.
WAN/USD Short-term Trend: Bearish
The short-term outlook of the cryptocurrency is in a downtrend. The bullish momentum was lost at $0.2674 in the supply area shortly after opening with exhaustion setting in due to wicks at the area. WANUSD is initially down at $0.2566.
The stochastic oscillator signal pointing down at 50% and price is below the two EMAs, suggesting downward momentum in the short-term. $0.2450 in the demand area is a key target in the short-term.
Live Wanchain (WAN) Price:
1 WAN/USD =$0.7882 change ~ -6.21%
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