- XEM coin price action is in an uptrend of 5.7% during the intraday trading session.
- The 24-hour trading volume is at $113 million.
- XEM/BTC pair is trading positive by 2.6% at 0.00000466 BTC.
The daily technical chart of the XEM coin displays an upward trend. According to the pivot levels, the primary support level is $0.15. On the other side, if it rushes up, the resistance level to follow is $0.27. Although the chart forms a Doji candlestick pattern within the day, it is predicted that the price may remain sideways with medium reliability.
The Zig-Zag framed a top of $0.86 on May 12. After that, investors can notice a massive correction of 90%, all the way low to $0.08. Now price levels are back around the range of $0.20 this week.
The volume of (26.862M) is beneath the MA of 20-days (55.25M). As a result, the volume is moderate in XEM, resulting in its price moving around the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session.
The MACD indicator gives (bullish) crossover above the signal line on Jun 29, indicating a buy signal in the coin. Moreover, Investors can see tiny green bars in the Histogram index.
XEM Coin Test $0.23 Resistance May Break Again
The price of NEM today is 0.219856 US dollars, and the 24-hour trading volume is 113,975,247 US dollars. The price of XEM has increased by 5.7% in the past 24 hours. There are 9 billion XEM coins in circulation, with a total of 9 billion. The MACD indicator shows a buy signal, and the traders have guided moderate volume. Technically, the price moves around the resistance and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $0.27
Support Level: $0.15