Numeraire is a cryptocurrency that is designed to be the first “stable coin” on the market. It’s not pegged to any fiat currency, but rather its value will be determined by supply and demand in the market.
The nmr coin price prediction 2025 is a prediction that the Numeraire coin will hit $100 soon.
- The range of bullish NMR price predictions is $51.32 to $96.
- The price of NMR may potentially exceed $100.
- For 2021, the NMR pessimistic market price forecast is $37.20.
We utilize data, price trends, ADX, and other information about NMR to evaluate the cryptocurrency’s future movement in NMR price forecast 2021.
Numerai, a San Francisco-based investing company, is powered by the Ethereum token Numeraire. It invests in major stock markets all around the globe via crowdsourcing. Every week, Numeraire (NMR) token holders may bet their NMR tokens on certain forecasts.
Numeraire’s Current Market Situation (NMR)
At the time of writing, the price of NMR was $41.35, with a 24-hour trading volume of $18,560,425 according to Coingecko. In the past 24 hours, however, NMR has risen to 5.13 percent.
Furthermore, there are 9,932,662 NMR coins in circulation. NMR is currently traded on Binance, OKEx, Upbit, Hotcoin Global, and HitBTC, among other cryptocurrency exchanges.
Price Prediction for Numeraire (NMR) in 2021
Numeraire (NMR) is currently ranked 144th on CoinGecko. The price of NMR in 2021 is forecasted using a daily time period, as shown below.
Descending Triangle Pattern in NMR/USDT (Source: Tradingview)
During downtrends, the descending triangle is most frequently observed and is generally taken as a negative indicator. In the descending triangle pattern, the rising triangle pattern is reversed.
Descending triangles signal to investors and traders that selling are more aggressive than buyers as the market continues to reach lower highs. The pattern is complete when the price breaks out of the triangle in the direction of the general trend.
A descending triangle may be bullish or negative, contrary to common perception. A regular descending triangle pattern is considered a bearish chart pattern in the past. On the other side, a descending triangle pattern may be bullish.
NMR is now trading at $41.35. Following then, NMR may continue to decline or increase, depending on the breakout direction. If the trend breaks out at $43.95, NMR may quickly hit the resistance level of $91.45 with this pattern. If the trend continues, NMR’s price may decrease below $37.20.
Support and Resistance Level Numeraire (NMR)
The chart below depicts Numeraire’s support and resistance levels (NMR).
Support and Resistance Levels for NMR/USDT (Source: TradingView)
According to the aforementioned chart, the resistance and support levels for NMR are as follows.
- $51.32 is the first level of resistance.
- Level 2 Resistance – $73.80
- Level 3 Resistance – $96.00
- Level 1 Support – $37.20
- $24.85 for Level 2 Support
NMR’s bearish performance during the preceding month is shown in the chart. However, this trend will shortly hit the $91.45 resistance level. If the trend were to reverse, NMR might fall below $37.20, indicating a bearish indication.
Average Directional Index (NMR) Numeraire (NMR) Numeraire (NMR) Numeraire (NMR) (ADX)
Let’s have a look at the Average Directional Index of NMR (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
ADX NMR/USDT (Source:TradingView)
The ADX of NMR is shown in the chart above, with a range of 61.84, indicating a very strong trend.
The NMR is one of the best cryptos to invest in for the long run. Furthermore, until the breakthrough direction is verified, NMR price forecast will remain bearish or bullish. This year, though, it has a strong probability of hitting $91.45. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the improvements and updates to the NMR ecosystem, NMR’s performance is expected to increase to $91.45 in the near future. However, if investors believe NMR is a good investment in 2021, it could reach $100.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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The numeraire price prediction reddit is a question that has been asked before. NMR is currently trading at $0.11 and it will hit $100 soon according to the predictions of many analysts.
Frequently Asked Questions
Is NMR a good investment 2021?
What is NMR worth in 2025?
In 2025, NMR is worth $1.00
How high can NMR coins?
There are no limits to how high NMR can go.
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