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The Nano/Bitcoin pair (NANO/BTC) breached resistance of 0.00026 on August 21, 2018. The breakout was followed up by a rally that saw Nano climb to as high 0.000567 on August 26. Volume on that day soared by more than 300% of the daily average.
Unfortunately, the market was in extreme overbought territory. This prompted breakout buyers and bottom pickers to take profits. As heavy selling commenced, the breakout rally faded and the pair corrected.
About two weeks later, it seems that the pullback is over.
Technical analysis show that NANO/BTC is respecting support of 0.00026. The market dropped to as low as 0.0002567 today. Bulls came to the rescue and kept the pair above the support. In addition, the market
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