NEM Price Is Looking For A Stay Inside The Consolidated Zone

NEM price is trailing at $0.3755 with a gain of 1.10% in the intraday session.XEM coin will face resistance ongoing upside at $0.6 and a bounceback from $0.3.NEM weekly chart suggests a bearish momentum. The daily chart of the coin suggests a consolidated momentum. It is trading below 50 and 100 Moving Average. The 50MA(yellow) is at $0.472, making it temporary resistance for the coin. On coming to the shorter time frame of the 4hour chart, the price is moving inside the Demand zone.If the price breaks 5 to 10% above the zone, then a strong bullish rally can be seen.
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