In this Wrapped NXM technical analysis, we will examine the current price action, trading volume, key levels and indicators for WNXM-USDT. Wrapped NXM (WNXM) is a cryptocurrency that utilizes the Ethereum blockchain as its underlying infrastructure, providing users with a secure and decentralized platform for transactions. Through its innovative design, WNXM offers fast and efficient transfers, ensuring that users can conduct their business without any interruptions or delays. With its focus on security and usability, Wrapped NXM is poised to become a leading player in the cryptocurrency market.
Wrapped NXM Price Overview:
As of October 02, 2023, Wrapped NXM is trading at approximately 30.9 USDT. Let’s dive into the detailed price action for WNXM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 32.24 |
| High (H) | 32.45 |
| Low (L) | 30.57 |
| Close (C) | 30.9 |
| Volume (C) | 5,181.74 |
- Open (O): The opening price for today’s trading session was approximately 32.24 USDT.
- High (H): Wrapped NXM reached a daily high of around 32.45 USDT.
- Low (L): The daily low for WNXM-USDT was approximately 30.57 USDT.
- Close (C): At the time of analysis, Wrapped NXM is trading near its daily close of 30.9 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.92% |
| 3D Change (%) | -0.23% |
| 7D Change (%) | 5.86% |
| 30D Change (%) | 4.85% |
| 90D Change (%) | 1.44% |
| YTD Change (%) | 281.01% |
Over the past three days, WNXMUSDT has dropped by approximately -0.23%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 5.86%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WNXMUSDT maintaining an upward trend of approximately 4.85%, despite intermittent fluctuations. Examining the last 90 days, WNXMUSDT has witnessed substantial increase of approximately 1.44%, reflecting strong long-term confidence. Year-to-date, WNXMUSDT has steadily increased by around 281.01%, 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 0.29014.
- Momentum score is 0.04852.
WNXM USDT Technical Analysis
Wrapped NXM Trading Volume:
The trading volume for Wrapped NXM (WNXM) over the past 24 hours has been significant, with approximately 5,181.74 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 54.17304. 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 significant trading volume are neutral signals for potential sideways movement.
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.
