- The price of the XNO coin is trading at $0.72856563.
- The XNO coin price decreased by 1.62% over the last 24 hours.
- The Nano, 52-week price bound range is $0.5428 – $1.4610.
The Nano price made a high of $1.0469 in April, 2023 and since then, the XNO price has declined by making new lower lows and lower highs. The coin roughly declined 40% in a span of 3 months giving poor returns to the investors.
However, the price took support on June 15th, 2023 from $0.6244 showing strong bullish intent. Also, the volume is $5.334K, which is below the average volume of $75.381K which shows a lack of volume in the market as of now.
This month the coin underperformed as it was down by 1.14%. Also, XNO price was up by 10.16% in the last six months which highlighted good performance over a span of six months. Moreover, the Nano coin price year-to-date return is positive with an increase of 14.72%.
Nano Price Technical Analysis in 1-D Timeframe
As per the price action in the long term, it seems the price is taking support on the trendline. After every fall, the coin took support and tried to recover from the trendline. As per price action, the coin took support from $0.6244 and gave roughly 22% bullish momentum.
Source: XNO/USD.1D. by TradingView
At the time of publishing, the XNO price is trading below the 100 & 200-day EMAs (exponential moving average), which are acting as hurdles. To jump over these EMAs, Nano coin must accumulate buyers.
The coin price is trading above the 20 & 50-day EMAs which are acting as a support and pushing the XNO price trend upwards. There is a possibility that XNO price will increase even further.
Source: XNO/USD.1D.COINBASE by TradingView
The MACD line at 0.00919490 and signal line at 0.00084556 is above the zero line and gave a bullish crossover, suggesting bullish signals. The current value of RSI is 57.99 points, took support from the 14 SMA line and is headed upwards. The 14 SMA is above the median line at 53.74 points which indicates an upward direction and bullish sentiment in the market.
The technical parameters of the XNO coin price suggest the continuation of the uptrend over the daily time frame chart. The XNO coin price reflects an optimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt positive signals about the XNO coin price.
Extraction
The XNO price prediction highlights the sentiments and perspectives of investors and traders regarding the XNO coin price being bullish in the 1-D time frame. The XNO price action reflects an optimistic view at the time of publishing. The technical parameters for the XNO crypto coin price indicate bullish pressure.
Technical Levels
- The nearest support: $0.680428 and $ 0.624440.
- The nearest resistance: $0.805080 and $0.857899.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
