- On May 30, the bulls tested the upper price range and the price made a downward correction to the support of the EMAs.
- The price of NANO is trading between the levels of $1.400 and $1.800.
NANO/USD Long-term Trend: Ranging
- Resistance levels: $2.0000, $2.2000, $2.4000
- Support levels: $1.4000, $1.2000, $1.0000
The price of NANO is in the sideways trend zone. On April 23, the NANO market reached the $1.94 overhead resistance level. On April 24, the bulls were resisted and the NANO market was in a downward correction to the $1.400 support level. The price of NANO is trading between the levels of $1.400 and $1.800.
The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto’s price is trading under a tight range. On May 30, the bulls tested the upper price range and the price made a downward correction to the support of the EMAs. On June 2, the bulls came back to retest the upper range and were resisted again. The price fell to a lower price range.
Yesterday, at the support level, the bulls were making a fresh bullish move to retest the $1.8000 price level. Nevertheless, a bullish break at the $1.800 price level, will enable the crypto rally above the $2.00 price level.
Similarly, a bearish break at the $1.400 price level will depreciate NANO price to a low of $0.8000. The stochastic is in the oversold region but above the 40% range which indicates that the price of Nano is in a bullish momentum and a buy signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Bitcoin Market Price Chart in RealTime