NEM Price Analysis: Will XEM Have A Positive Breakout Above $0.30? – Cryptocurrency News – The Market Periodical


  • XEM performed a positive momentum on Wednesday’s trading session
  • NEM coin price is $0.2753, which is up by 2.91% in the last 24-hour time-frame and 15.43% up from the previous week
  • NEM/BTC pair is negative with a loss of 2.55% in Wednesday’s trading session (0.00000763)
Source: Coinmarketcap

XEM had positive momentum on the weekly chart, and it went up to $0.2873 on January 06, 2021, while breaking above the resistance zones created in the past. NEM coin price set a mark of a 30-day high. Meanwhile, the trading volume of $142,841,095 in the last 24-hour time-frame representing an decrease in value of 40.34%. The NEM/ETH pair is in a downtrend with a value of (0.00017907) which is down by 2.48% in Wednesday’s trading session.

NEM Technical Chart Indicates a Positive Momentum

Source: TradingView

The technical chart of XEM highlights a positive trend. In contrast, NEM coin price is at $0.2753. According to pivot points, the critical support level for XEM is placed at $0.2071 whereas if it moves up, the critical resistance level to watch is $0.2886. While diving into the weekly chart of a 30-minute time-frame, it completes a belt hold bearish candlestick pattern, indicating the bears have overwhelmed the bulls and