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.
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.
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.
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