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NEM (XEM) Receives a Very Bullish Rating Sunday: Is it Time to Get on Board?

Sunday, September 24, 2023 02:55 PM | InvestorsObserver Analysts
NEM (XEM) Receives a Very Bullish Rating Sunday: Is it Time to Get on Board?

NEM (XEM) gets a very bullish rating from InvestorsObserver Sunday. The coin is up 1.38% to $0.02623934321 while the broader crypto market is up 8.17%.

Sentiment Score - ,
NEM has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NEM!

Very Bullish

Over the last five days, NEM has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of NEM over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

NEM is currently trading near its five-day high of $0.0263565182685852. The coin is 0.44% off its five-day high and is 5.20% higher than its five-day low of $0.024943383410573.

NEM price is trading near resistance. With support set around $0.0255948274903201 and resistance at $0.0262642584316634, could face selling pressures soon.

NEM has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on NEM

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