Nano Hints at a Bullish Run; Resistance May Follow at $0.97

After a long, uncertain month, Nano seems to have made the first step towards stability. Over the last 24 hours, it has been hovering around $0.95 with some major ups and downs. Yesterday, it was trading at $0.9210 with an upside momentum, and over the next 9 hours, NANO price reached as high as $1.0035. This was the highest price point of the day for the currency.

Nano Price News
NANO/USD Chart By TradingView

However, it couldn’t remain there for long and started a downside correction. By 16:00 UTC, Nano price fell to $0.9442, and towards the end of the day, it managed to regain momentum. Just before the ending of the day, the NANO coin spotted at $0.9720.

After hitting $0.97, the currency faced rejection and continued to persist downside trendline. At the press time, Nano reflected a slight recovery and breached $0.9516. The MACD shows a bullish crossover as the coin marked a moderate hike. As per the current trend, the NANO price might retest $0.97 in the upcoming hours. However, a few sudden movements can be expected.

Daniel Garza

Daniel Garza is well-known for his writing skills and works as a lead content writer in our team. He also has a deep interest in cryptocurrency funds and guides people on how to deal with a cryptocurrency exchange.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button