$NMR

/USDT Technical Analysis

Current Price: $17.15 (+5.41%)

The DeFi token NMR is showing a strong upward momentum after testing its 24h low at $15.97. With increasing volume and bullish sentiment, it could be setting the stage for higher targets.

๐ŸŽฏ Key Targets:

1. Target 1: $17.50 โ€“ Strong resistance level on the 1-hour chart. Breaking above this could signal continued bullish movement.

2. Target 2: $18.00 โ€“ A psychological barrier and a critical level that may attract profit-taking. Watch for increased volume at this point.

3. Target 3: $18.50 โ€“ Potential upside if momentum continues. This level aligns with historical resistance from previous trading sessions.

Key Levels to Watch:

Support: $16.50 โ€“ A fallback zone where buyers could re-enter if the price retraces.

Resistance: $17.29 โ€“ Immediate resistance; a decisive breakout could fuel upward movement.

Trading Insights:

Monitor volume closely; consistent buying pressure could lead to a breakout.

Watch for potential consolidation near $17.50 before testing higher levels.

Use stop-losses to protect against a pullback below $16.50.

Stay tuned for updates as NMR continues its rally!