- Nano coin is ranked #305 as per the market cap.
- Nano’s (XNO) coin has a market cap dominance of 0.007%.
- The circulating supply of the Nano coin is $130 Million.
Marketed as “modern-world digital currency,” Nano is a nimble cryptocurrency engineered for secure, nearly instantaneous, fee-free payments. It addresses key constraints in both traditional financial systems and various contemporary cryptocurrencies.
As of today, Nano (XNO) is priced at $0.740035, accompanied by a 24-hour trading volume of $866,865.81. This reflects a 1.97% uptick in the last day and a -3.29% decrease over the past week.
Nano’s market cap is valued at $98,691,007, considering a circulating supply of 130 Million XNO.
The price of the XNO coin increased by over 30% in the last three days and showed an advance of over 25% last year. The positive return reveals that the coin is performing well.
Nano (XNO) Technical Analysis
The price of the XNO coin is moving upwards by the formation of a higher high pattern. The coin reached a high of $3.29 in April 2022 and immediately after this price, fell by nearly 83% and found support at the $0.55 level.
Currently, the price of the Nano coin is moving inside the wedge pattern and the price is near the resistance level. If the price breaks above the resistance level of $0.78 in the upcoming days, a further uptrend can be seen.
The overall structure of the XNO coin is positive and the probability for the price hike in the upcoming days is higher.
Technical Indicators Outlook About The Nano:
The MACD for the XNO coin is above zero, showing a green histogram. Also, the MACD line stays above the SMA line, suggesting a positive trend and raising the chance of a price increase.
Moreover, RSI and SMA lines are above 50, indicating a positive direction. This increased the probability of a price rise in the future.
Conclusion
The XNO coin is moving positively. The Nano coin price has shown a positive return in the previous year and the overall structure of the coin is also positive. The indicators of the coin are positive as well and if the price breaks above the resistance level, a further hike in the price can be seen in the upcoming days.
Technical Levels
- Support Levels: $0.57 and $0.45
- Resistance Levels: $0.78 and $0.95
Disclaimer
The views and opinions of the author, or anyone else in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
