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NEM (XEM) Rises 10.77% Monday: What's Next for This Bullish Rated Crypto?

Monday, June 20, 2022 10:06 AM | InvestorsObserver Analysts
NEM (XEM) Rises 10.77% Monday: What's Next for This Bullish Rated Crypto?

NEM (XEM) gets a bullish rating from InvestorsObserver Monday. The Digital Money asset is up 10.77% to $0.04226331001 while the broader crypto market is up 5.43%.

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

Bullish

Over the last five days, NEM has earned a 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 $0.043159839223885. The Digital Money asset is 2.08% off its five-day high and is 18.93% higher than its five-day low of $0.0355369560420513.

NEM price is currently above resistance. With support set around $0.0362413260127392 and resistance at $0.0402319277609673, NEM is potentially in a volatile position if the rally burns out.

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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