Based on today's classical pivot point (P1) with the value of $0.0004412, NEM has support levels of $0.0004314, $0.0004131, and the strongest at $0.0004033. Similarly, NEM resistance levels are at $0.0004595, $0.0004694, and $0.0004877.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0004314 | |
| S2 | $0.0004131 | |
| S3 | $0.0004033 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0004595 | |
| R2 | $0.0004694 | |
| R3 | $0.0004877 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 45.44 | NEUTRAL |
| Stoch RSI (14) | 45.39 | NEUTRAL |
| Stochastic Fast (14) | 22.68 | NEUTRAL |
| Commodity Channel Index (20) | -52.68 | NEUTRAL |
| Average Directional Index (14) | 39.85 | BUY |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -77.32 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 39.16 | NEUTRAL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, NEM price was most positively correlated with the price of Aptos (APT), Beldex (BDX), Worldcoin (WLD), Quant (QNT) and Immutable X (IMX) and most negatively correlated with the price of Pi Network (PI), Litecoin (LTC), Pepe Coin (PEPE), BitTorrent (BTT) and Sun Token (SUN).
| Name | Correlation |
|---|---|
| Aptos | 0.464 |
| Beldex | 0.451 |
| Worldcoin | 0.434 |
| Quant | 0.432 |
| Immutable X | 0.361 |
| Name | Correlation |
|---|---|
| Pi Network | -0.758 |
| Litecoin | -0.726 |
| Pepe Coin | -0.639 |
| BitTorrent | -0.638 |
| Sun Token | -0.628 |
NEM price is negatively correlated with the top 10 coins by market cap with a price of -0.014, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.118.
Currencies that are positively correlated with NEM indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with NEM, a move in one direction for NEM would translate into a move in the opposite direction for the negatively correlated coin.
