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 May 11, 2024, Numeraire is trading at approximately 0.00043 BTC. Let’s dive into the detailed price action for NMR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00043 |
| High (H) | 0.00044 |
| Low (L) | 0.00043 |
| Close (C) | 0.00043 |
| Volume (C) | 971.69 |
- Open (O): The opening price for today’s trading session was approximately 0.00043 BTC.
- High (H): Numeraire reached a daily high of around 0.00044 BTC.
- Low (L): The daily low for NMR-BTC was approximately 0.00043 BTC.
- Close (C): At the time of analysis, Numeraire is trading near its daily close of 0.00043 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.24% |
| 3D Change (%) | 0.72% |
| 7D Change (%) | 10.00% |
| 30D Change (%) | -8.61% |
| 90D Change (%) | -13.72% |
| YTD Change (%) | -10.15% |
Over the past three days, NMRBTC has risen by approximately 0.72%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 10.00%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with NMRBTC maintaining a downward trend of approximately -8.61%, despite intermittent fluctuations. Examining the last 90 days, NMRBTC has witnessed substantial decline of approximately -13.72%, reflecting strong long-term confidence. Year-to-date, NMRBTC has steadily dropped by around -10.15%, 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 0.48642.
- Momentum score is 0.01123.
NMR BTC Technical Analysis
Numeraire Trading Volume:
The trading volume for Numeraire (NMR) over the past 24 hours has been insignificant, with approximately 971.69 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 neutral zone, around 47.92943. This suggests that Numeraire is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Explore Numeraire’s (NMRBTC) bullish trends at 4.32e-04 BTC, supported by strong fundamentals and promising indicators, as revealed in technical analysis.
Don’t skip our thorough exploration of NMR USDT Numeraire Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
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.