Wanchain Price Prediction Today: Daily (WAN) Value Forecast – June 7
- In the medium-term of the WAN/USD market, there has been a notable line of ups and downs within a range.
- The WAN/USD trade's movements to the north need to forcefully break past the $0.50 upper range line to affirm a bullish trend continuation of the market.
WAN/USD Medium-term Trend: Ranging
- Resistance levels: $0.55, $0.60, $0.65
- Support levels: $0.35, $0.30, $0.25
There have been major forces pushing the market valuation of WAN/USD within ranges of $0.50 and $0.40 marks. This price action has been on running into about four days of trading the crypto-market until now. Presently, the market has been noticed actively springing in a range to the north.
The Bollinger Middle band and the 50-day SMA are now joined together below the current market trading point. The Stochastic Oscillators have strongly headed northward to briefly touch into the overbought zone.
It has been indicated that the bulls are warming up to take the market level out of the present range zones. Meanwhile, the $0.40 mark has now formed a pivotal line that could invalidate the bulls’ buying wall in the market.
WAN/USD Short-term Trend: Bullish
The price worth of the WAN/USD market has been on increase serially along with the trending path of the Bollinger Upper Band to the north. In contrivance to yesterday’s trading pattern, the pair’s movements were characterized by lower lows than lower highs underneath the trend-line of the SMA indicator. The Bollinger Middle band has touched the 50-day SMA from below. The Stochastic Oscillators now consolidate in the overbought zone.
The short-term of WAN/USD market may continue its movements up to the point of achieving a high mark around $0.50 once again. Thereafter, there could be a pit stop which may also allow the bears of taking the market’s advantage for a while.
Live Wanchain (WAN) Price:
1 WAN/USD =$0.5505 change ~ 1.50%
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