WNXM USDT Wrapped NXM Technical Analysis

Photo of author

By Frans van Elst

Wrapped NXM logo In this Wrapped NXM technical analysis, we will examine the current price action, trading volume, key levels and indicators for WNXM-USDT. WNXM is a wrapped version of the Nexus (NXS) cryptocurrency that allows for faster and more secure transactions on the Ethereum blockchain. It utilizes advanced cryptographic techniques to ensure the security and privacy of its users’ data, making it an attractive option for those looking for a reliable and trustworthy cryptocurrency. With WNXM, users can enjoy the benefits of Nexus’ decentralized governance model and secure transactions, all within the Ethereum ecosystem.

Wrapped NXM Price Overview:

As of May 18, 2024, Wrapped NXM is trading at approximately 66.94 USDT. Let’s dive into the detailed price action for WNXM-USDT:

Explore potential downturns for Wrapped NXM (WNXMUSDT) at 66.94 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.

Metric Value
Open (O) 65.59
High (H) 67.73
Low (L) 65.24
Close (C) 66.94
Volume (C) 6,659.95
  • Open (O): The opening price for today’s trading session was approximately 65.59 USDT.
  • High (H): Wrapped NXM reached a daily high of around 67.73 USDT.
  • Low (L): The daily low for WNXM-USDT was approximately 65.24 USDT.
  • Close (C): At the time of analysis, Wrapped NXM is trading near its daily close of 66.94 USDT.
Metric Value
1D Change (%) 2.06%
3D Change (%) 2.14%
7D Change (%) 5.27%
30D Change (%) 5.57%
90D Change (%) 10.94%
YTD Change (%) 38.45%

Over the past three days, WNXMUSDT has risen by approximately 2.14%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 5.27%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WNXMUSDT maintaining an upward trend of approximately 5.57%, despite intermittent fluctuations. Examining the last 90 days, WNXMUSDT has witnessed substantial increase of approximately 10.94%, reflecting strong long-term confidence. Year-to-date, WNXMUSDT has steadily appreciated by around 38.45%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Wrapped NXM Live Chart:

You can access a live price chart for WNXM-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 0.47522.
  • Momentum score is -0.00015.

WNXM USDT Technical Analysis

Wrapped NXM Trading Volume:

The trading volume for Wrapped NXM (WNXM) over the past 24 hours has been insignificant, with approximately 6,659.95 USDT traded against WNXM. 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): WNXM is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Wrapped NXM is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for WNXM-USDT is currently in the neutral zone, around 51.29436. This suggests that Wrapped NXM is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Wrapped NXM (WNXM-USDT) is currently exhibiting signs of short-term bullish 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.

Explore potential downturns for Wrapped NXM (WNXMUSDT) at 66.94 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.

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.

You have not selected any currencies to display