- Nano price is trading under the bullish flag and pole pattern, while volume over the chart is lower and falls below-average volume line.
- The coin is presently trading inside the bullish momentum over the monthly chart and fails to sustain higher levels.
- The pair of NANO/BTC is trading at 0.00009589 BTC with an intraday loss of -1.96%, and the ratio of NANO/ETH is CMP at 0.001509 ETH with an intraday change of -0.75%.
Nano price at the monthly chart is trading under the bullish chart pattern and struggling near its vital moving averages. The bulls are fighting to hold their essential moving averages lines of 20, 50, 100, and 200-day lines. Volume over the chart indicates caution for the short-term traders, falling below the average volume line. We can see the next lap of bullish momentum once the crypto asset regains its vital to DMA’s line.
The sustainability above all DMA lines will open the door for bulls with the supportive volume activity. The breakout from the upper range of the falling channel pattern will create another lap of bullish momentum with supportive volume activity. Support on the lower side is $5.02 and $4.12, whereas resistance on the higher side is $5.75 and $6.25.
Nano price is trading near its short-term support zone
Nano price over the weekly chart is trading near its short-term support zone and presently trading in the sideways momentum. The coin is gradually heading towards the lower levels, and volume activity is significantly lower. Volume at the 4-hour time frame is lower and needs to improve sharply for a strong rebound in upcoming sessions. The technical parameters are heading towards the lower levels, with no sign of significant recovery. NANO is trading at $5.33 with an intraday dip of -1.95%, and the volume to market cap ratio is 0.02997.
Relative Strength Index (BEARISH): NANO price RSI is trading negatively after facing a selloff from the higher levels. The coin is trying to move towards the support zone with no sign of significant recovery and RSI at 46.
Bollinger Bands (NEUTRAL): The coin is placed under the lower zone of the Bollinger Bands and is trying to hold its lower line (green). The band is also coming closer, and on either side, a sharp move in the upcoming trading session is expected.
Support levels: $5.02 and $4.12
Resistance levels: $5.75 and $6.25.