Expected scenario for coin #NMR now and over the coming hours
Update
Price at analysis time: 14.917
Most likely scenario: The recovery remains limited below the 15.45–15.70 zone, followed by a return of selling pressure toward 14.60 and then 14.34. A break below 14.34 on an hourly close, with failure to reclaim it, could extend the decline toward approximately 14.10. This scenario weakens if 15.80 is reclaimed and price holds above it.
Alternative scenario: An hourly close above 15.10, followed by a successful retest, would support a recovery toward 15.30 and then 15.45–15.70. Further gains require reclaiming 15.80 on an hourly close, opening the way toward 16.00–16.20.
Sideways scenario: Consolidation continues between 14.35 and 15.10, with limited rebounds and no clear follow-through, until a confirmed breakout from the range and a successful retest occur.
Key support and resistance levels:
Support: 14.60–14.65, then 14.34–14.35, followed by approximately 14.10.
Resistance: 15.00–15.10, then 15.30, followed by 15.45–15.70, and then 15.80–16.00.
The key zone right now is 14.34–15.10. A break below 14.34 and confirmation would support an extended decline, while reclaiming 15.10 would open the way for a broader recovery. 15.80 remains the key resistance level for confirming the strength of this recovery.
#NMR #update #Futures #deal $NMR
🐋 Jimi
Update
Price at analysis time: 14.917
Most likely scenario: The recovery remains limited below the 15.45–15.70 zone, followed by a return of selling pressure toward 14.60 and then 14.34. A break below 14.34 on an hourly close, with failure to reclaim it, could extend the decline toward approximately 14.10. This scenario weakens if 15.80 is reclaimed and price holds above it.
Alternative scenario: An hourly close above 15.10, followed by a successful retest, would support a recovery toward 15.30 and then 15.45–15.70. Further gains require reclaiming 15.80 on an hourly close, opening the way toward 16.00–16.20.
Sideways scenario: Consolidation continues between 14.35 and 15.10, with limited rebounds and no clear follow-through, until a confirmed breakout from the range and a successful retest occur.
Key support and resistance levels:
Support: 14.60–14.65, then 14.34–14.35, followed by approximately 14.10.
Resistance: 15.00–15.10, then 15.30, followed by 15.45–15.70, and then 15.80–16.00.
The key zone right now is 14.34–15.10. A break below 14.34 and confirmation would support an extended decline, while reclaiming 15.10 would open the way for a broader recovery. 15.80 remains the key resistance level for confirming the strength of this recovery.
#NMR #update #Futures #deal $NMR
🐋 Jimi