Nano Coin broke the descending parallel channel, and found a pole and flag formation during an uptrend. Nano Coin investors are targeting the $5.0 level as per the price forecast in the next few weeks. The XNO price is approaching the 100-day moving average in the day time frame.
The 100-day moving average is acting as a significant bullish barrier for XNO buyers. The bulls are still expecting a bullish move above the 20 and 50 EMAs on the daily price chart.
Daily RSI is at 64-mark, it is looking bullish to acquire overbought areas. In addition, the semi-line (50-point), can act as a support.
After noticing the pole and flag pattern, XNO holders can keep the coin's value higher for stronger ROI. Still, the bulls need to manage the Nano coin above the 100-EMA.