In this Numeraire technical analysis, we will examine the current price action, trading volume, key levels and indicators for NMR-BTC. Numeraire (NMR) is a decentralized, peer-to-peer prediction market platform that utilizes blockchain technology to facilitate secure and transparent betting. NMR’s unique features include real-time settlement, decentralized risk management, and a novel proof-of-stake consensus algorithm. By leveraging the power of collective intelligence, Numeraire enables users to make predictions on a wide range of events and assets, from sports games to stock prices.
Numeraire Price Overview:
As of July 01, 2024, Numeraire is trading at approximately 0.00027 BTC. Let’s dive into the detailed price action for NMR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00027 |
| High (H) | 0.00028 |
| Low (L) | 0.00027 |
| Close (C) | 0.00027 |
| Volume (C) | 1,396.93 |
- Open (O): The opening price for today’s trading session was approximately 0.00027 BTC.
- High (H): Numeraire reached a daily high of around 0.00028 BTC.
- Low (L): The daily low for NMR-BTC was approximately 0.00027 BTC.
- Close (C): At the time of analysis, Numeraire is trading near its daily close of 0.00027 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.60% |
| 3D Change (%) | -4.09% |
| 7D Change (%) | -12.85% |
| 30D Change (%) | -33.10% |
| 90D Change (%) | -43.89% |
| YTD Change (%) | -43.87% |
Over the past three days, NMRBTC has dropped by approximately -4.09%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -12.85%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with NMRBTC maintaining a downward trend of approximately -33.10%, despite intermittent fluctuations. Examining the last 90 days, NMRBTC has witnessed substantial fall of approximately -43.89%, reflecting strong long-term confidence. Year-to-date, NMRBTC has steadily decreased by around -43.87%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Numeraire Live Chart:
You can access a live price chart for NMR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.70382.
- Momentum score is -0.21466.
NMR BTC Technical Analysis
Numeraire Trading Volume:
The trading volume for Numeraire (NMR) over the past 24 hours has been insignificant, with approximately 1,396.93 BTC traded against NMR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): NMR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Numeraire is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for NMR-BTC is currently in the low zone, around 35.80855. This suggests that Numeraire is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Numeraire (NMR-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge potential headwinds for Numeraire (NMRBTC) at 2.70e-04 BTC through bearish technical analysis, featuring weakened support and cautionary indicators.
Explore more with our thorough insights on NMR USDT Numeraire Technical Analysis — an essential read if you enjoyed the content of this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.