The currency pair has lost more than four percent in the past 24 hours. XEM/USD develops its downside momentum in the moment of writing. Bulls and bears seem to break the balance but it is unclear whether sellers will be able to develop their progress.
Let’s have a closer look at the Hourly chart. XEM/USD tried to break through the resistance area at $0.2002. However, later the currency pair declined and crossed the support area at $0.1873. NEM fluctuates below this level currently. The possible ways for the currency pair are the following:
1. Red scenario (bearish). NEM will cross the support area at $0.1682 targeting lower aims.
2. Orange scenario (neutral). The currency pair will stay within the range limited by the resistance area at $0.1873 and the support at $0.1682.
3. Green scenario (bullish). XEM/USD will jump over the resistance area at $0.1873 and move higher towards the next resistance at $0.2002.
Check the full crypto analysis HERE>>>.
Let’s have a closer look at the Hourly chart. XEM/USD tried to break through the resistance area at $0.2002. However, later the currency pair declined and crossed the support area at $0.1873. NEM fluctuates below this level currently. The possible ways for the currency pair are the following:
1. Red scenario (bearish). NEM will cross the support area at $0.1682 targeting lower aims.
2. Orange scenario (neutral). The currency pair will stay within the range limited by the resistance area at $0.1873 and the support at $0.1682.
3. Green scenario (bullish). XEM/USD will jump over the resistance area at $0.1873 and move higher towards the next resistance at $0.2002.
Check the full crypto analysis HERE>>>.
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