Price Analysis

NEM Registers Volatile Movement; Its Price Drops to $0.045

NEM is spotted dropping, since the morning. However, yesterday, the coin was touching astounding counters. It is speculated that the current drop in the market is due to the selling pressure, which would soon be lifted. The altcoins would again be seen shining in a short while. NEM has registered a phenomenal price movement in the first two quarters. The best part about volatile coins is that the recovery in the price is tremendous.

If we look at yesterday’s chart, NEM was seen dealing highest at 0.049508 USD and lowest at 0.044359 USD. The ongoing trend is suggesting that the chances for NEM to break yesterday’s counters are very thin.

NEM Price Analysis:

NEM Price
NEM Chart By TradingView

The Trading View chart is taken on September 19, 2019, at 08:18:45 UTC. XEM started dealing at 0.00000434 BTC. Within the first few hours, the price jumped to 0.00000461 BTC by 6.22%. Further, there was another escalation. This time the price counter changed from 0.00000450 BTC to 0.00000489 BTC by 8.60%. The day closed with an upsurge of 11.60% at 0.00000484 BTC. Today, the opening hours reflected a drop of 4.48%. The coin slipped from 0.00000484 BTC to 0.00000462 BTC. XEM has marked a cumulative drop of 4.71%, since the morning. The current price of NEM is 0.00000461.

The crypto market might be dealing with the bears, but it would rise from the selling pressure and bring the uptrend back. We are speculating that NEM (XEM) wouldn’t waste much time and catch the uptrend soon. The coin has a high prospect of dealing in profit.

Looking at the counter, we are speculating that the traders would soon be booking profit with NEM. The coin seems best for short-term investment. The long-term might involve risk; hence, we aren’t recommending the same.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
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