- NANO coin price action is in an uptrend of 4.9% during the intraday trading session.
- The 24-hour trading volume is at $56 million.
- NANO/BTC pair is trading positive by 7.2% at 0.00012691 BTC.
The daily technical chart of the NANO coin displays an upward trend. According to the pivot levels, the primary support level is $4.15. On the other side, if it rushes up, the resistance level to follow is $6.25. Although the chart forms a shooting star candlestick pattern within the day, it is predicted that the price may remain downwards with low reliability.
The Zig-Zag framed a top of $17.40 on May 13. After that, investors can notice a massive correction of 80%, all the way low to $3.10. Now price levels are back around the range of $5.50 this week.
The volume of (91.962K) is above the MA of 20-days (189.508K). As a result, volume is moderate in NANO, causing its price to move around the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session.
The CCI indicator gave a (bullish) signal with 74, projecting a buy signal in the coin. Investors may observe an inclining slope from -33 to 74. It may cool down in future trading sessions.
NANO Coin Increase in Buying Volume is Observed
Today’s Nano price is 5.74 US dollars, and the 24-hour trading volume is 56,411,222 US dollars. NANO’s price has increased by 4.9% in the past 24 hours. There are 130 million NANO coins in circulation, with a total of 133 million. In addition, the price moves around the resistance zone. The CCI indicator shows a buy signal, and the traders have guided moderate volume. Technically, the price shows signs of positivity and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $6.25
Support Level: $4.15