After being in a descending channel against Bitcoin for over a year, Nano looks to be on the verge of a breakout. Coupled with a golden cross against USD several days ago, all signs point to the beginning of a possible longer-term uptrend (and possible end to 2.5 year bear market?).
Nano showing strength after a climb back to previous resistance. If it breaks 79c, price target could move up to previous resistance at 1.15 - 1.20. 60% upside potential in the short term.
Following up on my last chart from several days, you can see Nano has continued to break out above the 200 day moving average. Could be the long-awaited trend reversal several years in the making, if BTC can hold 9000.
NANO / BTC looks ready to pop after months of consolidating. 4hr textbook cup and handle, backed up by 5 consecutive higher lows. Good long entry here, first price target 15000 sats.
