WANCHAIN Price Prediction Today: Daily (WAN) Value Forecast – July 3
- The short-term is in the uptrend while the medium-term outlook is in a range-bound market.
- Patience should be exercise trading the consolidation.
WAN/USD Medium-term Trend: Ranging
Supply zone: $0.7000, $0.8000, $0.9000
Demand zone: $0.3000, $0.2000, $0.1000
WANUSD is in a range-bound market in the medium-term outlook. The coin has been in consolidation since 27th June. $0.3221 was the low while $0.3742 was the high during yesterday session. The bulls had control within the range as the market opens today at $0.3400 as they pushed the coin up to $0.3642.
The resistance at the 50-EMA may be broken in the medium-term with the signal of the stochastic oscillator pointing up at 56% which suggest upward momentum in price of the coin.
WANUSD is in consolidation and trading between $0.3900 in the upper supply area and at $0.3200 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
WAN/USD Short-term Trend: Bullish
The short-term outlook of the cryptocurrency is in an uptrend. The market opens on a bullish note at $0.33390 with a bullish spinning top. The cryptocurrency rose to $0.3585 as the bullish momentum increased breaking the resistance at the two EMAs.
With price up at $0.3642 as the bulls confirm the takeover and journey up north, the signal of the stochastic oscillator points up at 69% affirming the upward price movement in the short-term.
$0.3750 in the supply area is on the card as more candles open and closed above the two EMAs.
Live Wanchain (WAN) Price:
1 WAN/USD =$1.4378 change ~ -12.86%
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