$NMR
NMR/USDT: AI Momentum Building Up! 🚀
Traders, pay attention to $NMR (Numeraire). As one of the leading AI-sector tokens, the 1-hour chart is currently showing a very specific consolidation pattern that often leads to a sharp breakout.
🔍 Technical Analysis:
Current Price: $8.43
Bollinger Band Squeeze: The price is tightly hugging the Middle Band ($8.46). Historically, when NMR stays in this range, it’s gathering energy for a move toward the Upper Band ($8.64).
Neutral RSI (50.61): This is excellent news for buyers! An RSI of 50 means the market is neither overbought nor oversold. It has massive "runway" to pump before hitting the danger zone.
MACD & KDJ: The MACD is showing a neutral-to-bullish curve, while the KDJ (J-line at 45) suggests the downward pressure has neutralized and a bounce is the next logical step.
🎯 The Trade Setup (Action Plan):
✅ Entry Zone: $8.40 - $8.45 (Look for a 1H candle close above the mid-band).
🎯 Target 1: $8.64 (Immediate Resistance)
🎯 Target 2: $8.75 (24h High)
🎯 Target 3: $9.10 (Psychological Breakout Level)
🛑 Stop Loss: $8.20 (To protect against sudden market volatility).
💡 Why NMR?
NMR often moves independently of Bitcoin because of its unique link to AI data science competitions. With AI tokens gaining narrative strength this month, NMR is a "must-watch" on your watchlist.
Are you bullish on AI tokens this week? Is NMR in your bag? Let's discuss below! 👇
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