NEM Price Prediction Today: Daily (XEM) Value Forecast – June 10
- The price of NEM is trading between the levels of $0.7000 and $0.1000.
- The price of NEW is also characterized by small body candlestick like the Doji and spinning tops. These candlesticks described the indecision between the buyers and sellers.
XEM /USD Medium-term Trend: Ranging
- Resistance Levels: $0.0950, $0.1000, $0.0105
- Support Levels: $0.0900, $0.0850, $0.0800
Last week the price of NEM was in a sideways trend. On June 3, the bulls were resisted from the $0.1000 overhead resistance level. The price fell to the support of the 26-day EMA to commence a range bound move above it .The price of NEM is trading between the levels of $0.7000 and $0.1000.
Since on May 16, the upper price level had been tested twice by the bulls. On each resistance, the price would fall either to the support of the 12-day EMA and the 26-day EMA. The bears have not tested the lower price level since May 16 because of choppy price action. There was no price movement at the lower price level.
The price of NEW is also characterized by small body candlestick like the Doji and spinning tops. These candlesticks described the indecision between the buyers and sellers. Nevertheless, the price of NEM is in the oversold region of the daily Stochastic but below 40% range. This indicates that price is in a bearish momentum and a sell signal.
XEM/USD Short-term Trend: Ranging
On the 1-hour chart, the price of NEM is in a sideways trend zone. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto's price is fluctuating below and above the 12-day EMA and 26-day EMA. The coin's price fluctuates between the levels of $0.0800 and $0.0880. Meanwhile, the stochastic is in the overbought region above the 80% range. This indicates that price is in a bullish momentum and a buy signal.
Live NEM (XEM) Price:
1 XEM/USD =$0.1216 change ~ -12.13%
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