Deutsch한국어 日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçe
Portfolio TrackerSwapBuy CryptoCryptocurrenciesPricingWalletNewsEarnBlogNFTWidgetsCoinStats MidasDeFi Portfolio Tracker24h ReportPress KitAPI Docs

NEM is Predicted to Reach $ 0.066543 By Mar 07, 2023

1y ago
bullish:

0

bearish:

0

image

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • NEM is down -5.53% today against the US Dollar
  • XEM/BTC decreased by -7.37% today
  • XEM/ETH decreased by -8.84% today
  • NEM is currently trading 22.92% below our prediction on Mar 07, 2023
  • NEM gained 41.80% in the last month and is down -52.88% since 1 year ago
NEM price$ 0.051289
NEM prediction $ 0.066543 (29.30%)
Sentiment Neutral
Fear & Greed index 51 (Neutral)
Key support levels$ 0.049641, $ 0.047885, $ 0.045073
Key resistance levels$ 0.054210, $ 0.057023, $ 0.058779

XEM price is expected to rise by 29.30% in the next 5 days according to our NEM price prediction

NEM price today is trading at $ 0.051289 after losing -5.53% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.52% in the same time period. XEM performed poorly against BTC today and recorded a -7.37% loss against the world’s largest cryptocurrency.

According to our NEM price prediction, XEM is expected to reach a price of $ 0.066543 by Mar 07, 2023. This would represent a 29.30% price increase for XEM in the next 5 days.

XEM Price Prediction Chart

Buy/Sell NEM

What has been going on with NEM in the last 30 days

NEM has been displaying a positive trend recently, as the coin gained 41.80% in the last 30-days. The medium-term trend for NEM has been bullish, with XEM increasing by 56.42% in the last 3 months. The long-term picture for NEM has been negative, as XEM is currently displaying a -52.88% 1-year price change. On this day last year, XEM was trading at $ 0.108847.

NEM reached its all-time high price on Jan 04, 2018, when the price of XEM peaked at $ 2.09. The current XEM cycle high is $ 0.862606, while the cycle low is at $ 0.027110. XEM has been displaying high volatility recently – the 1-month volatility of the coin is at 10.23. NEM recorded 12 green days in the last 30 days.

NEM technical analysis for today - Mar 02, 2023

The sentiment in the NEM markets is currently Neutral, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.049641, $ 0.047885 and $ 0.045073, while $ 0.054210, $ 0.057023 and $ 0.058779 are the key resistance levels.

Neutral sentiment for NEM

16 indicators are currently signaling a bullish prediction for NEM, while 13 indicators are showing a bearish forecast. With 55% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for NEM.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 51 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

NEM moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how NEM is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 0.055625 (SELL)$ 0.051397 (SELL)--
MA5$ 0.049754 (BUY)$ 0.051941 (SELL)--
MA10$ 0.046459 (BUY)$ 0.048562 (BUY)--
MA21$ 0.042545 (BUY)$ 0.044735 (BUY)$ 0.035816 (BUY)$ 0.039361 (BUY)
MA50$ 0.039673 (BUY)$ 0.040572 (BUY)$ 0.049477 (BUY)$ 0.056671 (SELL)
MA100$ 0.035406 (BUY)$ 0.038405 (BUY)$ 0.114000 (SELL)$ 0.088385 (SELL)
MA200$ 0.037977 (BUY)$ 0.042497 (BUY)$ 0.113712 (SELL)$ 0.112358 (SELL)

PeriodValueAction
RSI (14)62.73NEUTRAL
Stoch RSI (14)50.36NEUTRAL
Stochastic Fast (14)63.03NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)45.95BUY
Awesome Oscillator (5, 34)0.01NEUTRAL
Momentum (10)0.01NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-36.97NEUTRAL
Ultimate Oscillator (7, 14, 28)63.94NEUTRAL
VWMA (10)0.05SELL
Hull Moving Average (9)0.06SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.05NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for NEM is at 62.73, suggesting that XEM is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of NEM over the last 50 days. Currently, NEM is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the XEM closing price for the last 200 days. XEM is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this NEM prediction

After considering the above factors, we can conclude that the current forecast for NEM price prediction is Neutral. XEM would have to increase by 29.30% to hit our $ 0.066543 target within the next five days. Moving forward, it will be important to monitor the XEM market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term NEM price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

1y ago
bullish:

0

bearish:

0

Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.