NEM is Struggling to Continue Up
NEM (XEM) is trading neutrally around $0.0370 this week, which is disappointing as the token appears to be losing its upside momentum. Currently, XEM is gravitating toward the support level at $0.0350, representing a potential additional decline of 6.0%. Last week, the token saw a rise of 7.2% to $0.0401 following the initial approval of spot ETH-ETFs by the SEC. However, XEM prices failed to climb above the uptrend support at $0.0405.
Despite the continuous rise in ETH prices that have been lifting the entire crypto market, XEM seems to be an exception. If the support at $0.0350 holds, XEM prices may recover to $0.0450. Otherwise, they are poised to drop toward $0.0250.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.
