- 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?