Thoughts on Upcoming Nano Price Action Over Time?

[TravisJames 14]

Hello Everyone!

I created this thread for people to leave their thoughts about how they think will Nano will perform of the next few months/years.

For those that are unaware, Nano is an instant, fee-less, and eco-friendly cryptocurrency that utilized Direct Acyclic Graph (DAG) technology mixed with an Open Representative Voting System (ORV). It is fully distributed (0 inflation) with a current market capitalization of of $743,107,103 USD. This puts each Nano currently at $5.58 with 133,248,297 coins in circulating supply. By many metrics (my opinion) Nano is currently one of the most undervalued cryptocurrencies on the market today because of its unmatched fundamentals.

The reason I am creating this post is in reference to the graph below. It appears Nano is about to make another upward breakout and possible test a new year high. I am wondering what other peoples thoughts are on this. Are you Bullish or Bearish? How do you think Nano will perform over the coming months/years? Feel free to leave your own graphs/analysis below. 

Nano Information:
Website: www.nano.org

Twitter: www.twitter.com/nano
Reddit: www.reddit.com/r/nanocurrency (Technical Discussion)

Reddit: www.reddit.com/r/nanotrade (Price Discussion)
CoinMarketCap: www.coinmarketcap.com/currencies/nano/
CryptoTalk: https://cryptotalk.org/topic/96775-nanocurrency-nano-what-is-everyones-thoughts/

 

Edited April 3, 2021 by TravisJames

[TravisJames 14]

Just came to drop an update on the graph I had posted above (new one can be found below). It appears Nano is still following the trend after it slightly broke down their was an immediate price reversal. Daily volume has climbed dramatically and is currently at 2.5 Billion USD. The amount of volume could mean that the current price can be sustained and Nano could possibly make a second push to the outer upward limits visible. Changes in greater market conditions (i.e Bitcoin dumping or growing and regaining BTC.D dominance) could also reverse this. 

Thoughts? Are you Bullish or Bearish on Nano currently? Share your graphs/analysis below!

 

[TravisJames 14]

 

 

Came for another update. It appears Nano has found support on the NANO/BTC trading pair in a range that was a support zone about 2 1/2 years ago that turned into a strong resistance barrier until present . Interesting development that suggests BTC/NANO ratio will continue to climb and most likely not be falling under the 14k sat range again unless influenced by larger market factors. Another interesting note to make is that On-Balance-Volume (OBV) indicator suggests that Nano has switched from its 2.5 year long accumulation phase and is now up trending with price instead of diverging. 

Would love to hear someone else thoughts/input or their own analysis of the situation. Personally I am Bullish and it would be healthy at this point to hear the Bear case for Nano.

 

[Basharaldmni1 0]

I think it's better to work hard