NEM [XEM] Technical Analysis and Price Prediction 2018, 2020
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.
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%.
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.
Image via Google
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