WANCHAIN Price Prediction Today: Daily (WAN) Value Forecast – June 24
- The short and medium-term outlook is in a downtrend.
- Responsible selling may be considered.
WAN/USD Medium-term Trend: Bearish
Supply zone: $0.7000, $0.8000, $0.9000
Demand zone: $0.3000, $0.2000, $0.1000
WANUSD is in a bearish trend in the medium-term outlook. The lower price range at $0.4200 was broken on 20th June with a large bearish candle. Price fell further to $0.3507 on 22nd June.
A retest of the broken lower demand range occurred yesterday as the bulls push price up to $0.4184. This was a confirmation of the downward price movement in the medium-term.
A minor correction occurred as the market opened today with price up at $0.3995 as it closes with a wick an indication of bullish exhaustion.
Price is below the10-EMA and the stochastic oscillator signal points down at 46%. These suggest downward price movement in the medium-term.
WAN/USD Short-term Trend: Bearish
The short-term outlook of the cryptocurrency is a bearish trend. The bears took control of the market towards the end of yesterday market at $0.4159. Price drops to $0.4200 in the demand area before the end of yesterday session.
A minor correction to the upside has WANUSD up at $0.3979 at the trendline shortly after today’s opening price at $0.3721.
The signal of the stochastic oscillator [points down at 56% while price is below the two EMAs suggesting downward momentum as the bears' pressure becomes stronger in the short-term.
Live Wanchain (WAN) Price:
1 WAN/USD =$1.7711 change ~ 6.06%
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