- The XEM coin price breaks above the EMA-55 during intraday.
- The 24-hour trading volume is at $1.071 billion.
- XEM/BTC pair is trading positive by 3.7% at 0.00000275 BTC.
On the daily price chart of XEM coin, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the coin price movement. Investors may observe the price crosses above the yellow line, so until the price resides above all the EMA’s, it will assure an uptrend in XEM.
Trading volume (25.920 M) is below the 20-day moving average (48.295 M). The volume is moderate, so the cost is moving upside. Investors may also notice that the volume bar on the chart decreases. This indicates that unusual volatility is common on the following trading days.
XEM Coin Price Moves in a Tight Range Both The Zones
XEM coin daily price charts show a positive trend. Based on the price action, the supply zone is located at 0.22 – 0.25 USDT. On the other hand, the demand zone to look for is 0.10- 0.12 USDT. Therefore, the chart shows a bullish harami candlestick pattern during the day.
The RSI indicator gave a signal (bullish) with 62, projecting a buy signal in the currency for the short-term. Investors can observe an inclined slope from 40 to 62 on the index. It can rise in future trading sessions.
The MACD indicator gives no cross over the signal line on October 21, demonstrating a neutral signal in the coin. Additionally, Investors can see no bars on the Histogram index.
Conclusion
The NEM is currently trading at $0.180187 with a 24-hour trading volume of $62,877,909. XEM prices have increased 6.6% in the past 24 hours. There are 9 billion XEM coins in circulation, and the total supply is 9 billion.
The RSI shows a buying signal, and MACD points to a neutral sign. The traders have prompted moderate volume. In fact, the cost is slowly moving towards the supply zone. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.
Resistance Level: $0.22- $0.25
Support Level: $0.10- $0.12