NEM Technical Analysis: XEM prices edge over bullish trendline

The crypto market is recovering from yesterday’s bear storm. Most coins have resumed trading in an uptrend. Bitcoin is back to trading in green and is up by 1.47%.NEM prices have regained over $50 million in market cap since bear storm yesterday.

XEM/USD

NEM [XEM] prices have found support at $0.087 and is witnessing a weak bullish momentum. The coin prices are currently facing consolidation as the XEM is stuck in a tight trading range traced from $0.0909 to 0.1001. XEM prices are facing resistance at $0.096. The MACD level indicate that the coin has edged over to trading above the bullish trendline. The 100 EMA line trading at $0.098 is exhibiting a downtrend. XEM is currently trading at $0.094 and is gaining against USD by 5.38%.

XEM/BTC

XEM is gaining against BTC by 2.88%. At the time of writing, one XEM is equivalent to 0.00001689 BTC.

NEM [XEM] Price Prediction 2018, 2020

• Tradingbeasts has predicted that the token’s price will likely reach $0.40 at the start of December this year. By the end of the month, the coin will trade at around $0.41. By the end of 2020, XEM’s prices are expected to reach around $0.70.
• Longforecast predicts the XEM prices to fall by 31 percent from current prices and trade at around $0.07. The coin will touch $0.24 by the end of 2020.

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