Based on today's classical pivot point (P1) with the value of $0.0004816, NEM has support levels of $0.0004579, $0.0004454, and the strongest at $0.0004216. Similarly, NEM resistance levels are at $0.0004941, $0.0005178, and $0.0005303.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0004579 | |
| S2 | $0.0004454 | |
| S3 | $0.0004216 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0004941 | |
| R2 | $0.0005178 | |
| R3 | $0.0005303 |
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) | 49.09 | NEUTRAL |
| Stoch RSI (14) | 47.70 | NEUTRAL |
| Stochastic Fast (14) | 38.34 | NEUTRAL |
| Commodity Channel Index (20) | 3.00 | NEUTRAL |
| Average Directional Index (14) | 45.97 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | BUY |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -61.66 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 26.95 | BUY |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | SELL |
| 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 Terra Classic (LUNC), Sun Token (SUN), World Liberty Financial (WLFI), Worldcoin (WLD) and Internet Computer (ICP) and most negatively correlated with the price of Pi Network (PI), Render Token (RENDER), Zcash (ZEC), Quant (QNT) and Sky (SKY).
| Name | Correlation |
|---|---|
| Terra Classic | 0.433 |
| Sun Token | 0.422 |
| World Liberty Financial | 0.398 |
| Worldcoin | 0.384 |
| Internet Computer | 0.361 |
| Name | Correlation |
|---|---|
| Pi Network | -0.509 |
| Render Token | -0.425 |
| Zcash | -0.415 |
| Quant | -0.415 |
| Sky | -0.406 |
NEM price is negatively correlated with the top 10 coins by market cap with a price of -0.130, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.045.
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.
