NumeraireTechnical Analysis: Will NMR Prices Rally and Retest $20?

Table of contents

  1. Past Performance of Numeraire
  2. Numeraire Technical Analysis
  3. What to Expect from NMR?

Numeraire crypto prices are solid at spot rates, adding 60 percent against the USDT. The NMR token may retest $20 in a bullish continuation pattern.

Past Performance of Numeraire

The Numeraire coin is up roughly 60 percent versus the USDT in the daily chart. When writing, the coin had broken above the middle BB, edging higher with rising trading volumes. This expansion is amid the general retracement in the crypto scene. Still, traders may find entries on dips above $11, targeting June 29 highs in the meantime.

Numeraire Technical Analysis

Numeraire NMR Daily Chart for June 29

The NMR token is bullish at spot rates. While there are concerns about whether the uptrend will be sustained, buyers are in control as long as prices are firm above $11 or May 2022 lows. As mentioned earlier, the immediate target will be June 29 highs of $20 and later $32. Confidence stems from the Numeraire coin arrangement in the daily chart. The bullish engulfing bar of June 29 confirms the gains of June 23 and the series of higher highs relative to the lower BB. On a more cautionary outlook, losses below $11 may invalidate this forecast, possibly forcing prices lower towards $8.5.

What to Expect from NMR?

Bulls are confident following today’s gains. Notably, the expansion is amid a market-wide correction. Still, as long as Numeraire token prices are above $11, buyers are in control reading from the NMR technical analysis in the daily chart.

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