/USDT Technical AnalysisThe current price of NMR/USDT is $16.69, showing a slight upward movement of +1.03% in the last 24 hours. With a strong 24-hour high of $16.77 and support near $15.94, NMR has seen consistent trading volume of 111,326.44 NMR (equivalent to 1.83M USDT).Key Indicators:MA(7): 16.46MA(25): 16.18MA(99): 14.96
These moving averages suggest a gradual upward trend in the short term. The price is above MA(7) and MA(25), indicating short-term bullish momentum, while the longer-term MA(99) shows a stable uptrend.Targets to Watch:1. Target 1 - $16.80: This level corresponds to the current resistance near the 24-hour high. Breaking above could signal further gains.
2. Target 2 - $17.20: This mid-term target aligns with historical resistance from the past week and could trigger additional upward movement.
3. Target 3 - $18.00: A major psychological level. A breakout here may confirm a bullish trend reversal.Additional Indicators to Watch:Volume: Consistent at 2.41K over the last hour.Support remains strong near $15.94, a critical level to hold in case of retracement.
Keep an eye on these targets and adjust strategies accordingly as market conditions evolve.
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