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Nano Price Prediction Today: Daily (NANO) Value Forecast – June 25

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  • On the upside, if the bulls break above the trend line, the NANO price will rise to retest the $1.60 overhead resistance level.
  • On June 24, the crypto was still experiencing downward correction after  the $1.60 overhead resistance.

NANO/USD Medium-term Trend: Bearish

  • Resistance Levels: $1.50, $1.60 ¸ $1.70
  • Support levels: $1.40, $1.30, $1.20

Yesterday, June 24, the price of NANO was in a bearish trend. On June 24, the crypto was still experiencing downward correction after  the $1.60 overhead resistance. The crypto’s price is still below the 12-day EMA and the 26-day EMA which suggest that price is likely to fall.

A trend line has been drawn to determine the duration of the bearish trend. A bullish trend is ongoing if the price does not break the trend line to the upside. On the other hand, if price breaks the trend line and another confirmation candlestick closes on the opposite of it; technically, the current trend is assumed terminated.

On the upside, if the bulls break above the trend line, the NANO price will rise to retest the $1.60 overhead resistance level. Meanwhile, NANO price is in the oversold region of the daily stochastic but below the 20% range. This indicates that price is a bearish momentum and a sell signal.

NANO/USD Short-term Trend: Bullish

On the 1-hour chart, the NANO price was in a bullish trend. The 12-day EMA and the 26-day EMA are making a U-turn. The bullish candlestick is making an upward move to break the EMAs to the upside. Meanwhile, NANO price is in the oversold region of the daily stochastic but above the 40% range. This indicates that price is 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.

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