NMR spiked to 19.8 intraday, then plunged rapidly! NMR surged 33% without any news—beware of a selloff if volume contracts!
After opening around $12, it briefly surged to $19.8, leaving a long upper wick on the intraday chart, before retreating to $15.963.
A thorough search of public reports found no new positive developments involving event or data partnerships. Trading volume surged to over $100 million, while the RSI reading soared to 80, indicating severe overbought conditions.
Conclusion: 15.6–16.5 is the intraday trading range, while 19.8 was merely a bull trap spike. Having hit a one-year high without fundamental support, the price could easily plunge back below $14 if volume contracts.
#NMR #Numeraire #Aİ #山寨币
$NMR
After opening around $12, it briefly surged to $19.8, leaving a long upper wick on the intraday chart, before retreating to $15.963.
A thorough search of public reports found no new positive developments involving event or data partnerships. Trading volume surged to over $100 million, while the RSI reading soared to 80, indicating severe overbought conditions.
Conclusion: 15.6–16.5 is the intraday trading range, while 19.8 was merely a bull trap spike. Having hit a one-year high without fundamental support, the price could easily plunge back below $14 if volume contracts.
#NMR #Numeraire #Aİ #山寨币
$NMR
