• There have been significant rises and falls in the market of WAN/USD.
• The bulls are expected to build their support between $0.40, $0.35 price levels.

WAN/USD Medium-term Trend: Ranging

• Resistance levels: $0.50, $0.55, $0.60
• Support levels: $0.30, $0.25, $0.20

There have been major rises and falls in a range moving manner in the market valuation of WAN/USD presently. The crypto rose as at the fourth emergence of June 26 4-hour candlestick to briefly touch past $0.45 mark.

On that same day of trading, the pair started to fall in a range as at the occurrence of the fifth 4-hour candlestick to the tune of touching a low mark at $0.35. The trading indicators have positioned around $0.40 and $0.35 price levels as they point to the east direction. The stochastic Oscillators now consolidate around range 40.

The WAN/USD market is most likely to continue witnessing around $0.40, $0.35 price levels. Any further attempt by the bears in the market to push past the $0.35 will bring about trading around the $0.30 immediate support level and the penultimate value at $0.25 mark.

WAN/USD Short-term Trend: Bearish

The WAN price worth has been overwhelmed by the US dollar market valuation in the short-term run. After a short line of range prices, the market began to fall from a high point at $0.40 to a low value at $0.35 or thereabout today.

Yesterday’s trading sessions saw a wider range of trading zones as there were notable ups and downs in the market. The Bollinger Middle Band and the 50-day SMA have now joined together at around $0.38 mark. As at the time of writing, price has been trading around the Bollinger Lower Band. The Stochastic Oscillators now cross to slightly point south at range 40.

The crypto’s worth has once been forced down to around a low at $0.34. And, the market may retest it again if the bears still hold strong in the market. However, the bulls are expected to start finding support between $0.36, $0.34, and $0.32 price levels.

Wanchain:

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