NMR is showing strong bullish momentum, with the price reaching $17.34 USDT and quickly heading towards the $18 USDT mark. The favorable crossover of the exponential moving averages (EMA), with the 9 and 21-period EMAs positioned above the 50-period EMA, indicates a positive trend. Additionally, the RSI at 55.02 suggests that there is still room for upward movement before the market enters overbought territory.
The chart shows that the price has successfully broken through previous resistances, consolidating above $16.48 USDT, confirming the strength of the buyers. This consolidation above the key support is a sign that NMR is preparing for a new push that could easily take it past $18 USDT in the short term.
Investing in NMR at this moment not only offers the opportunity to capitalize on this bullish movement but also strategically positions the investor in a market showing clear signs of strength. With the trend and technical indicators aligned favorably, now could be the perfect time to enter before NMR reaches new highs.
