Numeraire (NMR) Price Analysis: Bulls Push Above $16 Amid Rising Trading Activity 🚀

Numeraire ($NMR

) is showing bullish momentum as the token trades at $16.042, marking a 1.15% daily gain. The 24-hour trading volume has surged to $26.58M, reflecting a 241% increase, signaling renewed investor interest. 📈

Despite the price uptick, both the 50 EMA and 100 EMA remain in a downtrend, suggesting that NMR needs stronger buying pressure to confirm a full reversal. The RSI (14) is at neutral levels, giving room for potential upward movement if bullish momentum continues.

However, the funding rate at -0.0124% indicates slightly more short positions, hinting that sellers are still active. If NMR holds above $16, the next resistance lies around $16.80 – $17.20, while support remains near $15.50.

🔑 Key Highlights:

Price: $16.042 (+1.15%)

24H Volume: $26.58M (+241%)

Market Sentiment: Mildly Bullish 🟢

Funding Rate: -0.0124% (More Shorts Active)

EMA50 & EMA100: Still Bearish ⬇️

RSI(14): Neutral Zone → Potential for Upside

With rising volume and improving price action, NMR is at a critical level. A breakout above $17 could accelerate bullish momentum, while failure to sustain above $16 may invite short-term corrections.

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