🚨$NMR is fighting back, Is $13.50 the next target for this recovery?
NMRUSDT has delivered a strong 8.58% daily gain, pushing the price to $12.579 on the 4-hour chart. After falling from the $17.869 peak to a recent low of $11.441, the token is finally showing signs of a bullish comeback. The latest green candles suggest buyers are stepping in, and the price has reclaimed both the MA(7) at $11.949 and MA(25) at $12.087. That is a meaningful short-term improvement after an extended downtrend. The next major test is the $12.75–$13.00 resistance zone, where the MA(99) sits near $12.754. A decisive break above this area would strengthen the bullish structure and open the door toward $13.58, followed by $14.00–$14.50 if buying pressure continues. On the downside, $12.05–$12.10 is the first important support zone, while $11.80 and the recent $11.441 low are critical levels to watch if the rebound loses momentum.
My view: NMR has a bullish short-term recovery setup, but the $12.75–$13.00 zone will determine whether this move develops into a larger reversal or remains just a relief rally. The recent price surge is encouraging, although volume still needs to expand to support a sustained breakout. I’m watching whether buyers can turn the former resistance into support rather than allowing sellers to push the price back into its previous range.
Can $NMR reclaim $13.50 next, or will the MA(99) reject this rally again?
#nmrusdt #NMR #FutureTradingSignals
NMRUSDT has delivered a strong 8.58% daily gain, pushing the price to $12.579 on the 4-hour chart. After falling from the $17.869 peak to a recent low of $11.441, the token is finally showing signs of a bullish comeback. The latest green candles suggest buyers are stepping in, and the price has reclaimed both the MA(7) at $11.949 and MA(25) at $12.087. That is a meaningful short-term improvement after an extended downtrend. The next major test is the $12.75–$13.00 resistance zone, where the MA(99) sits near $12.754. A decisive break above this area would strengthen the bullish structure and open the door toward $13.58, followed by $14.00–$14.50 if buying pressure continues. On the downside, $12.05–$12.10 is the first important support zone, while $11.80 and the recent $11.441 low are critical levels to watch if the rebound loses momentum.
My view: NMR has a bullish short-term recovery setup, but the $12.75–$13.00 zone will determine whether this move develops into a larger reversal or remains just a relief rally. The recent price surge is encouraging, although volume still needs to expand to support a sustained breakout. I’m watching whether buyers can turn the former resistance into support rather than allowing sellers to push the price back into its previous range.
Can $NMR reclaim $13.50 next, or will the MA(99) reject this rally again?
#nmrusdt #NMR #FutureTradingSignals