NEM [XEM] Technical Analysis and Price Prediction 2018, 2020 22357
Analysis
Jessica Kuruthukulangara
Sep 5, 2018 at 2:00 AM

NEM [XEM] is posting solid gains, with the coin seeing more buying coming in. NEM [XEM] has mostly been in an uptrend since this month started, and has hit its highest level since mid-August. The crypto looks set to scale new heights in the days to come.

XEM/USD

The virtual currency had earlier found support at $0.114, after which it posted steady gains. Later, the coin suddenly spiked higher, probably triggered by a one-off trade. Now, the crypto is attempting to maintain its place above the $0.125 mark.

The 100 EMA line, at the time of writing, showed that BCH experiencing an uptrend.  The MACD indicated that the crypto was trading with bullish momentum. The coin was exhibiting a significant trading range of $0.113-$0.131. As of 1916 GMT, the digital currency had gained 6.4 percent against the U.S. dollar to trade at $0.121.

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

XEM/BTC

At the time of writing, XEM had risen 5.5 percent against BTC. At present, one XEM is equivalent to around 0.000016 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.

See also:

Ripple or NEM: Which cryptocurrency is the right pick for you?

NEM [XEM] now gets enlisted on the trading chart of Bitpanda

Image via Shutterstock

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