NEM [XEM] Technical Analysis and Price Prediction 2018, 2020 21883
Analysis
Priyanka Babu
Aug 29, 2018 at 2:19 AM

NEM [XEM] prices are on a stable uptrend for the past few days. After exhibiting a brief consolidation phase the prices started rising again. NEM charts indicate that XEM is recovering well from the recent crypto market crash.

XEM/USD

Buyer pressure seems to be rising for XEM. The crypto which was trading below the local support level at $0.9 has recovered from its recent fall and has steadily risen over the past few days.  The prices started rising after finding support at $0.108 and found support again at $0.111, setting the second support level for the day. The prices are eyeing the $0.116 handle, a major resistance level. If the current trend continues the prices can break out from the major resistance level. The 100 EMA line trading at $0.1054 is exhibiting an uptrend and the MACD signifies a bullish momentum. The hourly RSI is above the 60 level indicating a bullish market. The coin is currently trading at $0.11507  and rising against USD  by 4.90%.

NEM [XEM] Technical Analysis and Price Prediction 2018, 2020-BCFocus XEM/BTC

At the time of writing, one XEM is equal to 0.00001567 BTC and is losing against BTC by 0.53%. 

XEM Price Prediction 2018, 2020

According to Tradingbeasts, "The XEM price is forecasted to reach $0.40 by the beginning of December 2018. The expected maximum price is $0.52, minimum price $0.35. The XEM price prediction for the end of the month $0.41." By the end of 2020, the coin prices are expected to reach around $0.70.

Longforecast predicts the XEM prices to fall by 31% from the current prices and trade around $0.07. The coin will touch $0.24 by the end of 2020.

NEM Latest Updates

  • Ukraine’s Central Election Commission launched a test voting on blockchain, using the NEM protocol. The test vote was organized in partnership with NEM representative in Ukraine.
  • NEM recently got listed on Bitpanda, a cryptocurrency exchange based in Europe.
  • Unibright, a German blockchain company has partnered with NEM, Microsoft, and Lufthansa to help adoption of blockchain technology by major companies.

See Also: Alibaba affiliate Ant Financial to launch blockchain app to stop food fraud

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