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NEM (XEM) Rises 2.13% Tuesday: What's Next for This Neutral Rated Crypto?

Tuesday, June 28, 2022 08:49 AM | InvestorsObserver Analysts
NEM (XEM) Rises 2.13% Tuesday: What's Next for This Neutral Rated Crypto?

NEM (XEM) gets a neutral rating from InvestorsObserver Tuesday. The Digital Money asset is up 2.13% to $0.04285578003 while the broader crypto market is down 0.53%.

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

Neutral

Over the last five days, NEM has earned a Neutral 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 midpoint for the past five-days. The Digital Money asset is 5.00% off its five-day high and is 7.72% higher than its five-day low of $0.0397832505404949.

NEM price is currently above resistance. With support set around $0.0411711562172086 and resistance at $0.0427945259705694, 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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