MOISTURE (XEM) has seen a significant increase in its price in the last 24 hours and jumped 45.70% to $0.059643494140. The price of NEM not only increased 44.40% in a short time, but also performed quite well over the past week.
AltcoinsThe trading volume in , increased to $458,320,094 in the last 24 hours, clearly showing that it has attracted the attention of investors. NEM’s total market value is currently $532,308,072. This is an average of 9 billion. XEMcomes from the circulating supply. This increase in price may indicate a positive outlook for NEM and its prospects.
Koinfinans.com As we reported, NEM (XEM) was among the top earners of the day, posting an unexpected increase of 45% in just 24 hours.
Many traders got involved in the discussion, stating that they expect further increases in the price of XEM. It is not yet clear what the reason for the increase is, but according to the NEM team, a chain stop currently occurring at block height 4129631 should prevent it. they are investigating.
PSA: The client team is currently investigating a chain halt that occurred at block height 4129631. We have advised all exchanges to halt withdrawals and deposits.
NEWS CONTINUES BELOW— NEM (@nemofficial) February 27, 2023
NEM (XEM) managed to spread its good performance to a wider period with a significant price increase of 44.40% in the last 7 days.
This notable growth has helped outpace the global cryptocurrency market, which witnessed a 4.70% drop over the same period. XEM’s performance created positive sentiment among the community, with over 79% of users expressing confidence in NEM (XEM) today, pointing to the bullish outlook.
NEM (XEM) Technical Analysis
The price of NEM coin recorded a decline from mid-October to the beginning of 2023. The altcoin started with a bull rally that lasted almost two months. However, the token has reached the resistance level and is currently experiencing a pullback through the daily buy candle.
The daily long green candle has risen and broke above the consolidation zone. However, all indicators continue to point to the uptrend.
The crossing of the 50-day and 200-day moving averages indicates that the buyer is preparing and warming up for the second leg of the market price. Also, the Relative Strength Index is trading above the 50 level, showing signs of more bull runs above the resistance level.
You can follow the current price action here.