NEM Price Prediction Today: Daily (XEM) Value Forecast – July 8


  • Last week the price of NEM had continued to trade in a sideways trend. The price of NEM is trading between the levels of $0.8000 and $0.1000.
  • These Doji and Spinning tops contribute to the consolidation of price action.

XEM /USD Medium-term Trend: Ranging

  • Resistance Levels: $0.1000, $0.1100, $0.1200
  • Support Levels: $0.0800, $0.0700, $0.0600

Last week the price of NEM had continued to trade in a sideways trend. The price of NEM is trading between the levels of $0.8000 and $0.1000. The 12-day EMA and the  26-day EMA were trending horizontally in between the price range. The presence of small body candlesticks outnumbered the larger ones. The candlesticks describe the indecision between the buyers and sellers at the current market price.

These Doji and Spinning tops contribute to the consolidation of price action. The crypto also has choppy price action. The support and resistance levels are not determinable. Nevertheless, the price of NEM is in the oversold region of the daily Stochastic but above 20% range. This indicates that price is in a bullish momentum and a buy signal.

XEM/USD Short-term Trend: Bullish

On the 1-hour chart, the price of NEM is in a bullish trend zone. The 12-day EMA and the 26-day EMA are trending northward. The price of NEM is facing resistance at the $0.0940 price level .On June 8 and 9, the bulls tested the $0.09400 resistance level and were resisted
Meanwhile, the stochastic is in the overbought region above the 60% range. This indicates that price is in a bullish momentum and a buy signal.

Live NEM (XEM) Price:

1 XEM/USD =$0.3437 change ~ -1.90%

Coin Market Cap

$3.09 Billion

24 Hour Volume

$65.45 Million

24 Hour VWAP

$0

24 Hour Change

$-0.01

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide