NMR USDT Numeraire Technical Analysis

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By Frans van Elst

Numeraire logo 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 June 18, 2024, Numeraire is trading at approximately 17.51 USDT. Let’s dive into the detailed price action for NMR-USDT:

Numeraire (NMRUSDT) faces challenges, trading at 17.51 USDT, as technical analysis signals weakened support and cautionary indicators.

Metric Value
Open (O) 19.71
High (H) 19.78
Low (L) 16.78
Close (C) 17.51
Volume (C) 137,981.45
  • Open (O): The opening price for today’s trading session was approximately 19.71 USDT.
  • High (H): Numeraire reached a daily high of around 19.78 USDT.
  • Low (L): The daily low for NMR-USDT was approximately 16.78 USDT.
  • Close (C): At the time of analysis, Numeraire is trading near its daily close of 17.51 USDT.
Metric Value
1D Change (%) -11.03%
3D Change (%) -20.19%
7D Change (%) -23.67%
30D Change (%) -33.40%
90D Change (%) -51.20%
YTD Change (%) -14.12%

Over the past three days, NMRUSDT has fallen by approximately -20.19%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -23.67%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with NMRUSDT maintaining a downward trend of approximately -33.40%, despite intermittent fluctuations. Examining the last 90 days, NMRUSDT has witnessed substantial decline of approximately -51.20%, reflecting strong long-term confidence. Year-to-date, NMRUSDT has steadily decreased by around -14.12%, 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 0.71302.
  • Momentum score is -0.40684.

NMR USDT Technical Analysis

Numeraire Trading Volume:

The trading volume for Numeraire (NMR) over the past 24 hours has been significant, with approximately 137,981.45 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 low zone, around 35.70164. This suggests that Numeraire is in bearish 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 low RSI and significant trading volume are low signals for potential downward movement.

Numeraire (NMRUSDT) faces challenges, trading at 17.51 USDT, as technical analysis signals weakened support and cautionary indicators.

Don’t overlook our detailed insights on NMR BTC Numeraire Technical Analysis if you found this post captivating; it’s a must-read for further exploration.

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.

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