Stock Markets
Daily Stock Markets News

What’s Next After the Stellar Show by NEM Arises by 26.35% Over Last Week?

  • NEM abruptly gains over +26.35% in the last seven days after making the new low of $0.0888, currently trading at $0.1259
  • The pair of XEM/USD also trade positive stands at 0.00000813 BTC with a minor gain of 0.70%

The monthly chart of NEM (XEM) is in the bearish motion after tested the higher level of $0.168920 likewise the low is recorded at $0.0888. The coin after testing new low it recovers sharply gains +26.35% in the last seven days. It CMP at $0.1259 with the gain of +3.87% in the last 24-hours and the volume recorded is of $24,435,110 and while the total market capitalization is at $1,133,277,285.

The support is around the fib level0.382 ($0.11692) and the strong support is at $0.0888, on the other hand, the resistance is placed at $0.13473 and $0.14741. After the significant fall in the price, it gave a bullish reversal pattern and headed towards the resistance level of $0.13473. 


The Commodity Channel Index (CCI) is making a positive trend as making the higher top and lower bottom pattern as after touching the oversold zone it gets a bounce aiming the overbought region, currently trading at the level of +43.80 and still in an uptrend. 

The Relative Strength Index (RSI) is trading at the level of 59.95 after the dip in oversold and gave a bullish move heading towards the overbought region. It indicates sustainable bullish momentum.    


The Moving Average Convergence & Divergence (MACD) gave a positive crossover with suppressing the red line by blue line indicates the bullish move, however, a parallel to each other indicating no clear trend as both the lines overlapping each other.

Support levels: $0.11692 & $0.0888

Resistance level: $0.13473 and $0.14741.

Read More: What’s Next After the Stellar Show by NEM Arises by 26.35% Over Last Week?

Notify of
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.