- XEM performed a negative momentum on Monday’s trading session
- NEM price is $0.5390, which is down by 1.45% in the last 24-hour time-frame and 53.0% up from the previous week
- XEM/BTC pair is positive with a gain of 2.45% in Monday’s trading session (0.00001006)
XEM had negative momentum on the weekly chart, and it went up to $0.6280 on February 22, 2021, while breaking above the resistance zones created in the past. NEM price set a mark of a 52-week high. Meanwhile, the trading volume of $493,860,583 in the last 24-hour time-frame represents an increase in the value of 71.27%. The XEM/ETH pair is in an uptrend with a value of (0.00030372) which is up by 4.15% in Monday’s trading session.
NEM (XEM) Technical Chart Indicates a Negative Momentum
The technical chart of XEM highlights a negative trend. In contrast, The NEM price is at $0.5390. According to pivot points, the critical support level for XEM is placed at $0.4808. Whereas if it moves up, the key resistance level to watch is $0.5862. While diving into the weekly chart of 4-hour time-frame, it completes a bearish engulfing candlestick pattern, indicating the bears have overwhelmed the bulls and are now in control.
Volume indicator with the value (856.036K) reflects a selling volume in coin. Investors can further expect a decrease in selling volume in the upcoming trading sessions.
SMA-200, price is at $0.3187, which acts as another strong support in the coin. The price is above the SMA, and investors can expect a bullish trend in the coin.
MACD indicator (NEUTRAL), no bearish or bullish crossover over signal line spotted on February 22, 2021, indicated a neutral signal in the coin during the trading session. Also, it denotes the beginning of red bars on Histogram.
RSI indicator (NEUTRAL) with a value of 52.85 indicates a neutral signal in the coin. One can observe an increase in value in upcoming trading sessions.
NEM price is down by 1.45% on Monday’s trading session. The price is above the SMA of $0, investors may expect the price to progress towards the resistance of $0.5862. All technical indicators suggest a neutral signal in the coin for a short while.