NEM price prediction

Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.

Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability

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NEM price levels prediction for next 24 hours

Next 24 hours brief prediction

Price of XEM has broken last trend and will FALL from the support level $0.05415

Historic price levels for next 24 hours

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.06955491006374359 Weight: 37.72 22 Oct 2020

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
0.05415 Maximum price support level based on 24 hours movements

NEM price levels prediction for next 7 days

Next 7 days brief prediction

Price of XEM will be traded in CHANNEL near to $0.05742 with $0.06309 as upper border and $0.04068 as bottom.

Historic price levels for next 7 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.06955491006374359 Weight: 37.72 22 Oct 2020

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.06309 Channel maximum price resist level based on 7 days movements
0.04068 Channel minimum price resist level based on 7 days movements

NEM price levels prediction for next 30 days

Next 30 days brief prediction

Price of XEM will be traded in CHANNEL near to $0.064380005 with $0.089310005 as upper border and $0.041880004 as bottom.

Historic price levels for next 30 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.11160209029912949 Weight: 5.111 04 Dec 2021
$0.06955491006374359 Weight: 37.72 22 Oct 2020

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.089310005 Channel maximum price resist level based on 30 days movements
0.041880004 Channel minimum price resist level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.9818912 details, prediction
0.9791341 details, prediction
0.97486585 details, prediction
0.9744912 details, prediction
0.9672134 details, prediction
Second tier
0.97714144 details, prediction
0.97664684 details, prediction
0.9732676 details, prediction
0.9713513 details, prediction
0.9708185 details, prediction
Third tier
0.96467763 details, prediction
0.9637237 details, prediction
0.95249856 details, prediction
0.95074075 details, prediction
0.94779587 details, prediction


This report should be leaned to get most info about heading trends. It means that NEM price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.

It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of NEM
Low correlated currencies
Coin Correlation Links
First tier
-0.44163063 details, prediction
0.31665084 details, prediction
0.65661055 details, prediction
0.659444 details, prediction
0.77225477 details, prediction
Second tier
-0.94465506 details, prediction
-0.93084615 details, prediction
-0.8416327 details, prediction
-0.7147397 details, prediction
-0.5162464 details, prediction
Third tier
-0.8249189 details, prediction
-0.7977844 details, prediction
-0.7922682 details, prediction
-0.77081585 details, prediction
-0.73950565 details, prediction


This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)