Komodo Technical Analysis: Rallies 110%, Buyers Targeting April 2022 Highs

Past Performance of Komodo
Komodo Technical Analysis
What to Expect from KMD?

Komodo crypto prices are firmly in an uptrend, adding 110 percent versus the USDT. At this pace, KMD may retest April 2022 highs in a bullish continuation pattern.

Past Performance of Komodo

Komodo coin prices have more than doubled on the last trading day, surging 110 percent versus the USDT when writing. At this pace, the KMD crypto is outperforming BTC and ETH, rallying as the broader crypto market dump. From the candlestick arrangement in the daily chart, the primary support, previous resistance, is at $0.27, and bulls are squarely in control.

Komodo Technical Analysis

The bullish engulfing bar of July 13 has comparatively high trading volumes as Komodo token prices resume the uptrend. As per the formation in the daily chart, traders can look for entries in lower time frames above $0.27 and July 3 and 12 highs of $0.34 if prices pull back from spot rates. As KMD coin prices bottom up from 2022 lows, the immediate target is at $0.66, flashing with April 2022 highs.

What to Expect from KMD?

From the Komodo technical analysis, buyers are in charge, confirming gains of July 3 and 12. Since today's bar is with rising trading volumes and engulfing, traders can load the dips, targeting April 2022 highs. Any contraction below $0.44 may slow down demand, forcing KMD prices back to this week's lows.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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Komodo Technical Analysis: Rallies 110%, Buyers Targeting April 2022 Highs

Dalmas Ngetich

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.