$NMR Showing Strength – Can Bulls Sustain Momentum Above $14 or Will Resistance Push Back?
$NMR is currently trading at $13.92, up +2.65% in the last session, reflecting renewed bullish interest after finding support around the $13.15–$13.20 zone. The token is attempting to recover from recent declines, with buyers gradually reclaiming control as seen in the 51.16% bid dominance over 48.84% ask in the order book.
Key Levels to Watch
Resistance Levels:
• $14.00: Immediate resistance; a breakout above could confirm short-term bullish continuation.
• $14.30 – $14.50: Strong resistance area; surpassing this could drive momentum toward $15.00.
Support Levels:
• $13.70: Short-term support; maintaining above this level keeps price structure bullish.
• $13.40 – $13.20: Critical demand zone. A breakdown below this range may expose $13.00 and $12.80 next.
Trade Setup – Get Ready for Volatility
Bullish Setup:
A confirmed breakout above $14.00 may trigger continued upside potential with targets at:
• TP1: $14.30
• TP2: $14.50
• TP3: $15.00
Bearish Setup:
If NMR drops below $13.70, short-term selling pressure may resume with possible downside targets:
• TP1: $13.40
• TP2: $13.20
• TP3: $13.00
Final Note
$NMR is showing resilience compared to many altcoins, with strong 180-day (+102%) and 90-day (+64%) performances indicating medium-term strength within the DeFi category. However, the short-term outlook remains range-bound, and traders should watch for a decisive move above $14.00 to confirm the next trend direction.
If the breakout holds, NMR could re-enter a bullish phase with growing momentum but if rejected, a pullback to the lower $13 levels may offer better re-entry zones.