Nano [NANO] Technical Analysis and Price Prediction 2018, 2020 22286
Analysis
Jessica Kuruthukulangara
Sep 4, 2018 at 3:30 AM

The cryptocurrency market was mostly volatile, with no clear triggers to push major altcoins either way. Among the altcoins trading in the red is Nano [NANO], which seems to be correcting after gaining in the past sessions. The digital asset has seen its value rise more than 15 percent in the last seven days.

NANO/USD

The crypto succumbed to selling pressures and breached a key support level, noted at $2.90. The coin is struggling to find its way back to the $3 mark. The token is shown to be facing resistance at $2.98. At the time of writing, the 100 EMA line indicated that the coin was in a downtrend. The MACD showed that the crypto was experiencing bearish momentum. NANO is currently exhibiting a significant trading range of $2.81-$3.08. As of 2103 GMT, the altcoin had dropped 3.3 percent against the U.S. dollar to trade at $2.91.

Nano [NANO] Technical Analysis and Price Prediction 2018, 2020-BCFocus

NANO/BTC

The virtual asset, at the time of writing, slid 3.4 percent against BTC. Currently, one NANO is equivalent to around 0.00040 BTC.

Nano [NANO] Price Prediction 2018, 2020

  • Tradingbeasts has predicted that the coin will likely end the year at $9.29. By the end of 2020, the digital asset is expected to trade in the range $17.2-$25.3.
  • According to coinliker.com, the crypto is expected to reach $121.46 in one year. Profit Confidential has forecast that the crypto will be worth $40 by the end of the year.

Image via Shutterstock

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