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 is now on EDGE at $7.246E-4. So the next scenario is able. If price will go up, it will RAISE with support level $7.246E-4 If price will go down it will spend next in CHANNEL near to $7.162E-4 with $7.246E-4 as upper border and $6.9759996E-4 as bottom.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 |
|---|
Volume profile price channel in 24 hours range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 7.246E-4 | Edge price dividing trends based on 24 hours movements |
| 6.9759996E-4 | Minimum price support level in case of RAISE trend based on 24 hours movements |
| 7.246E-4 | Channel maximum price resist level based in case of FALL trend on 24 hours movements |
| 6.9759996E-4 | Channel minimum price resist level based in case of FALL trend on 24 hours movements |
NEM price levels prediction for next 7 days
Next 7 days brief prediction
Price of XEM has broken last trend and will RAISE from the support level $7.06E-4Historic 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 |
|---|
Volume profile price channel in 7 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 7.06E-4 | Minimal price support 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 $7.05E-4 with $8.7700004E-4 as upper border and $6.27E-4 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 |
|---|
Volume profile price channel in 30 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 8.7700004E-4 | Channel maximum price resist level based on 30 days movements |
| 6.27E-4 | Channel minimum price resist level based on 30 days movements |
Highly correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
Cardano
ADA
|
0.8239669 | details, prediction |
Crypto.com Chain
CRO
|
0.77419883 | details, prediction |
Bitcoin Cash
BCH
|
0.76662093 | details, prediction |
Ethereum Classic
ETC
|
0.69522434 | details, prediction |
XRP
XRP
|
0.68550104 | details, prediction |
| Second tier | ||
Theta Fuel
TFUEL
|
0.85114706 | details, prediction |
OriginTrail
TRAC
|
0.8450202 | details, prediction |
Telcoin
TEL
|
0.84493804 | details, prediction |
IOTA
IOT
|
0.84032124 | details, prediction |
DigiByte
DGB
|
0.84021467 | details, prediction |
| Third tier | ||
Matrix AI Network
MAN
|
0.91909033 | details, prediction |
Komodo
KMD
|
0.88771945 | details, prediction |
Stox
STX
|
0.8652606 | details, prediction |
IoTeX
IOTX
|
0.82005435 | details, prediction |
Chronobank
TIME
|
0.8155906 | 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 | ||
TRON
TRX
|
-0.8847616 | details, prediction |
ZCash
ZEC
|
0.09331713 | details, prediction |
Ethereum
ETH
|
0.40233448 | details, prediction |
UNUS SED LEO
LEO
|
0.4075097 | details, prediction |
Bitcoin
BTC
|
0.47032917 | details, prediction |
| Second tier | ||
Dai
DAI
|
-0.39171574 | details, prediction |
True USD
TUSD
|
-0.09773999 | details, prediction |
Algorand
ALGO
|
0.057344303 | details, prediction |
Nexo
NEXO
|
0.24310166 | details, prediction |
Decred
DCR
|
0.25869802 | details, prediction |
| Third tier | ||
Ontology
ONT
|
-0.7546711 | details, prediction |
LAToken
LA
|
-0.39023125 | details, prediction |
OPEN Platform
OPEN
|
-0.36335412 | details, prediction |
Enjin Coin
ENJ
|
-0.29915878 | details, prediction |
HEROcoin
PLAY
|
-0.24266993 | 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)