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    NEM Price Prediction Today: Daily (XEM) Value Forecast – June 24

    • The price of NEM is trading between the levels of $0.7000 and $0.1000.
    • Nevertheless, the small body candlesticks like the Doji and spinning tops are responsible for the range bound move.

    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 been in a sideways trend. There had been no significant price change. The 12-day EMA and the 26-day EMA were trending horizontally in between the price range. The price of NEM is trading between the levels of $0.7000 and $0.1000. Last week, on June 22, the bulls tested the upper price range and were resisted.

    Nevertheless, the small body candlesticks like the Doji and spinning tops are responsible for the range bound move. 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 has choppy price action. Nevertheless, the price of NEM is in the oversold region of the daily Stochastic but above 40% 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 sideways trend zone. The 12-day EMA and the 26-day EMA are sloping horizontally. On June 23, the bears broke the 12-day EMA and the 26-day EMA to the $0.0890 price level. However, the bulls pulled back price to break the EMAs.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 =$0.0610 change ~ 2.45%

    Coin Market Cap

    $548.73 Million

    24 Hour Volume

    $26.86 Million

    24 Hour VWAP

    $0

    24 Hour Change

    $0.0015

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

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    Avatar
    Azeez Mustapha
    Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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