At the current trading price of $18.54, $NMR /USDT shows an interesting technical setup, with traders closely monitoring both support and resistance zones. On the downside, the immediate support level is seen near $17.80, a zone where buyers have recently shown strength and prevented deeper pullbacks.
A stronger support lies around $16.50, aligning with previous consolidation levels, which may act as a cushion if selling pressure intensifies. Holding above these areas signals stability and potential accumulation by long-term investors.
On the upside, the first resistance is located near $19.20, where price has faced difficulty breaking higher in recent sessions. A sustained move above this mark could open the way toward $20.50, a psychological round-number resistance that may attract profit-taking.
Beyond this, stronger resistance sits near $22.00, aligning with earlier price rejections. Overall, $NMR remains range-bound, and a decisive breakout in either direction will define its next trend.
