Bullish momentum continues with $NMR breaking above $9.00 and closing near $9.13, backed by strong volume and a bullish engulfing formation. Resistance now sits at approximately $9.18–$9.20, while support has formed around $8.88–$8.92.
Fibonacci Levels
There’s no publicly available Fibonacci retracement analysis specific to NMR at this time. However, broader technical forecasts highlight key price zones, such as a lower Bollinger Band near $7.70, an SMA around $8.70, and an upper band at about $9.70. These could serve as de facto retracement guides.
RSI
NMR’s RSI entered overbought territory during the August 9 surge, signaling a potential pullback or consolidation ahead.
Most recently, according to Bitget's rating, RSI(14) stands at 53.1, which suggests a neutral stance—not oversold or overbought.
Entry Zones
Safer: Around the prior support zone of $8.88–$9.00—a consolidation area following the breakout.
Aggressive: On dips toward the $8.50–$8.70 zone, near the SMA support or lower Bollinger Band area.
Take-Profit Zones
TP1: $9.50–$9.70, aligning closely with resistance and the upper Bollinger Band.
TP2: $10.00–$11.00, targeting potential upside if momentum continues and resistance breaks.
Stop-Loss Ideas
Conservative: Just below support at approximately $8.80.
Tight: Closer to entry—around $8.60–$8.70—to limit downside in volatility scenarios.
