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Numeraire (NMR) Receives a Bearish Rating Wednesday: Is it Time to Jump Ship?

Wednesday, July 13, 2022 01:16 PM | InvestorsObserver Analysts
Numeraire (NMR) Receives a Bearish Rating Wednesday: Is it Time to Jump Ship?

Numeraire (NMR) gets a bearish rating from InvestorsObserver Wednesday. The token is down 4.09% to $14.31 while the broader crypto market is down 0.21%.

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

Bearish

Over the last five days, Numeraire has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Numeraire 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

Numeraire is currently trading near its five-day low of $13.8780624795056. The token is 22.71% off its five-day high and is 3.11% higher than its five-day low of $13.88.

Numeraire price is currently below support. With support set around $14.55 and resistance at $15.49, Numeraire is potentially in volatile territory as selling pushes the crypto's price below recent support.

Numeraire 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 token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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 Numeraire

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