$NMR Eyes Potential Rebound After Price Surge — Will Momentum Hold?

Over the past 24 hours, #Numeraire (NMR) has seen a significant uptick, rising 7.37% to trade around $8.89. Despite broader market uncertainty, NMR is showing early signs of a possible recovery after recently hitting a 24-hour low of $7.23 and climbing as high as $12.23.

According to 4-hour chart data, NMR’s current price action appears to be forming a short-term support around the $8.28–$8.89 range. If the token maintains this zone, analysts anticipate a potential move toward the $10.37–$12.47 resistance band. Sustained bullish pressure could push the price even higher, targeting psychological resistance near $13.50. However, if the price breaks below key support, NMR could retrace back toward the $7.00 level.

Total trading volume for NMR has reached 4.04 million tokens, equivalent to approximately $42.03 million USDT, reflecting strong interest and market engagement despite recent volatility.

On the fundamental side, sentiment around DeFi tokens like NMR has been improving, with increased mentions among top gainers. This suggests growing investor attention toward innovative AI-powered crypto platforms such as Numeraire, which is backed by predictive data models.

Even though the overall trend has been sideways over the past two weeks, the recent spike hints at renewed momentum. On longer timeframes, NMR has seen notable drawdowns but remains a project of interest for many long-term holders who anticipate strong rebounds during the next bull leg.

Currently, NMR is trading at $8.89, showing signs of recovery. With DeFi-related tokens gaining traction again and short-term technicals turning positive, traders are watching closely for confirmation of a breakout above $12.00.

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