- XEM coin price is currently seeing a consolidated momentum on the daily chart and can soon revert to the uptrend. It is trading with a gain of 0.71%
- Technical indicators for NEM hints towards a strong upside trend for the future. In contrast, NEM/BTC pair has seen a gain of more than 0.87% in the past 24 hours
XEM coin price is currently seeing a weak upside momentum but can soon revert to the uptrend. NEM price has observed a gain of more than 0.8% and is trading near the value of $0.188. It came into existence in 2015 by three programmers and works on the proof of importance as opposed to POW and POS.
NEM price is up by more than 87% since its inception and is ready to move for a new high. One can invest in NEM according to their needs and price adversity.
XEM is CMC ranking along with the market dominance has seen a decline in the last few weeks. Volume of the coin along with the market cap is looking to recover the previous levels.The ratio of volume and market capitalization of NEM suggests a weak consolidated momentum for the future.
XEM Coin Price Technical Indicators Hints Towards A Strong Upside Trend For The Future
NEM coin price is currently in a consolidated momentum on the weekly chart. XEM coin will face resistance while going upwards near $0.25.In contrast, the bounceback of the asset price can be seen near $0.3. NEM price is up by more than 6% in the last week. On the daily chart the price is also seeing a consolidated momentum. NEM price is trading below 50 and above 100 Moving Average with an upcoming positive crossover. The 50MA line is near $0.2, making it a temporary bounceback region for the coin. If the price jumps 5 to 10% above the current price then a strong upside tred can be seen. NEM/BTC pair can also see a new high in the future.
Conclusion
XEM coin price is currently seeing a consolidated momentum and can soon revert to the new high. NEM/BTC pair might also see a new high in the upcoming days. Investor should do their due diligence before investing.
Technical Levels
Major Resistance:$0.25
Major Support: $0.1