In this Numeraire technical analysis, we will examine the current price action, trading volume, key levels and indicators for NMR-USDT. Numeraire (NMR) is a decentralized, peer-to-peer prediction market platform that utilizes blockchain technology to facilitate secure and transparent betting on the outcome of events. NMR’s unique approach to prediction markets allows for real-time settlement and eliminates the need for intermediaries, providing users with faster and more reliable results. By leveraging machine learning algorithms and a decentralized network of oracles, Numeraire (NMR) enables users to make informed predictions and hedge against uncertainty in various markets.
Numeraire Price Overview:
As of May 17, 2024, Numeraire is trading at approximately 27.2 USDT. Let’s dive into the detailed price action for NMR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 26.91 |
| High (H) | 27.32 |
| Low (L) | 26.48 |
| Close (C) | 27.2 |
| Volume (C) | 32,563.31 |
- Open (O): The opening price for today’s trading session was approximately 26.91 USDT.
- High (H): Numeraire reached a daily high of around 27.32 USDT.
- Low (L): The daily low for NMR-USDT was approximately 26.48 USDT.
- Close (C): At the time of analysis, Numeraire is trading near its daily close of 27.2 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.08% |
| 3D Change (%) | 11.70% |
| 7D Change (%) | 4.70% |
| 30D Change (%) | 15.99% |
| 90D Change (%) | -16.49% |
| YTD Change (%) | 33.40% |
Over the past three days, NMRUSDT has increased by approximately 11.70%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 4.70%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with NMRUSDT maintaining an upward trend of approximately 15.99%, despite intermittent fluctuations. Examining the last 90 days, NMRUSDT has witnessed substantial drop of approximately -16.49%, reflecting strong long-term confidence. Year-to-date, NMRUSDT has steadily appreciated by around 33.40%, 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-USDT 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 0.76603.
- Momentum score is 0.06792.
NMR USDT Technical Analysis
Numeraire Trading Volume:
The trading volume for Numeraire (NMR) over the past 24 hours has been insignificant, with approximately 32,563.31 USDT 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-USDT is currently in the neutral zone, around 48.83486. This suggests that Numeraire is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Numeraire (NMR-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Follow potential bullish trend for Numeraire (NMRUSDT) at 27.20 USDT with technical analysis, indicating promising indicators and robust support.
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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.