- Bullish NANO price prediction ranges from $7.8 to $14.47
- NANO price might also reach $20 soon.
- NANO bearish market price prediction for 2021 is $3.
In Nano (NANO) price prediction 2021, we use statistics, price patterns, RSI, and much other information about NANO to analyze the future movement of the cryptocurrency.
Nano is described as a lightweight digital asset that is developed to facilitate secure, instant payments, without fees, and addresses few of the main limitations of both legacy financial ecosystem, and many modern digital assets.
Moreover, the project development started in 2014, and RaiBlocks is the name of the project. More so, the coin launched in the following year via a public faucet. This enhances users to claim some amounts after finishing the captcha challenge. In addition, the users can complete as many captchas as they like, in order to rise the words effectively, trading their time and effort for XRB.
Let us see about the Nano price prediction 2021.
Current Market Status of Nano (NANO)
According to CoinGecko, the Nano price is trading at $6.44 with a 24-hour trading volume of $26,742,152, at the time of writing. However, NANO has increased by 0.9% in the last 24 hours.
Currently, NANO trades in cryptocurrency exchanges such as Binance, Tokocrypto, OKEx, Huobi Global, and HitBTC.
Nano (NANO) Price Prediction 2021
Nano (NANO) holds the 98th position on CoinGecko right now. NANO price prediction 2021 explained below with a daily time frame.
The above chart shows the Bullish Flag patterns. This pattern forms after a price surge that peeks out and slowly forms a short-term downtrend reversal. The starting point of the trendline must connect the highest high (uptrend line) and the highest low (downtrend line) to form the flag portion.
Although the lines slope downward, they should stay relatively parallel. Eventually, the price must rise to cross the top trend line, causing bears to hedge and buyers to cross the fence. When the price crosses the highest point, as buyers move towards new highs, the next segment of the uptrend continues and a bullish flag is formed.
Currently, NANO is waving at $6.44. After this, NANO may continue to fall or rise according to the breakout $7.05. With this pattern, NANO will violate the upper trendline reaching $14.3 soon. If the trend reverses, then the price of NANO may fall to $3.09.
Nano (NANO) Support and Resistance Level
The below chart shows the support and resistance level of Nano (NANO).
From the above chart, it is observed that the following are the resistance and support levels of NANO.
- Resistance Level 1 – $7.8
- Resistance Level 2 – $14.47
- Support Level 1 – $3.01
- Support Level 2 – $1.47
- Support Level 3 – $0.66
The chart depicts the bullish performance of NANO over the previous month. However, this trend will continue to reach a resistance level at $14.47 soon. Even more, if the trend reversed then NANO might fall to $3 presenting a bearish signal.
Nano (NANO) Average Directional Index (ADX)
Let us now look at NANO’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).
Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.
The above chart represents the ADX of NANO. However, it is found that last month NANO made a bullish crossover. Currently, NANO lies in the range at 51.42, so it indicates a very strong trend. This shows that the price of ADX can go even bullish in the future.
The NANO is one of the cryptos which is great for long-term investment. In addition, NANO price prediction is bullish for a short term. It has a good chance of reaching $7.8 by the end of this year. However, this will only happen if many previous psychological barriers are broken.
Furthermore, with the advancements and upgrades on the NANO ecosystem, the performance of NANO would rise reaching $14.47 very soon. But, it might also reach $20 if the investors believe that NANO is a good investment in 2021.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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