- The price of NYM is trading at $0.1966.
- The NYM price increased by +0.36% in the last 24 hours.
- The NYM year-to-date return is +9.16%.
The amount of NYM traded in a day is $1164092. It has fallen by 54.49% in the last day. The trading activity is low now because the market is unfavorable and there are not many buyers for the coin.
Trend Analyzation
This week the trend was bearish as the price was down by 2.58%. By trend and price information history, we can say that NYM is underperforming right now. The coin’s value plummeted by more than 79% in all-time history, wiping out the investors’ money. The market mood is bleak and there is a lack of demand or trading activity for the coin. This may explain why the coin has performed so poorly.
In 1-D Timeframe
Trendline Analyzation
As per the trendline, it’s respecting the trendline and facing rejection exactly from the drawn trendline on the chart. From the point where it declined from the trendline, it’s been bearish. As per the price action, it has been following the channel currently. It is in the middle of the drawn channel it reached the middle of our drawn channel by facing resistance from our trendline. So, as price action speaks, it may come down to taking support. As per the trendline, it can reach $0.15 soon which is our major support.
Supertrend
With the help of just two parameters: period and multiplier, this indicator works really well. At period value 20 and multiplier value 2, it shows the continuous trend if it’s bullish or bearish. As shown in the chart, it’s bearish.
MACD
As we can see in the chart, the blue line or MACD line has crossed the signal line from above while making a bearish crossover. This indicates a bearish trend signal. On the day of writing, the MACD line is already on the negative side and the signal line is approaching the negative side of the MACD indicator. This highlights that the trend may continue downward.
200 EMA
The price is going down on the 1D chart. It is below the 200 EMA(exponential moving average), which is a hard line to cross. The sellers are stronger than the buyers. To change the direction, the price has to go and stay above the 200 EMA.
Bollinger Band
The NYM coin price is trading at the lower band of the Bollinger band indicator after failing to surpass the upper band. After facing rejection from the 20-day Simple Moving Average (SMA) of the Bollinger bands, it is indicating more downward move.
Conclusion
The NYM coin price as per the price action is bearish. As of now, the technical parameters indicate bearish pressure in the upcoming trading days. Presently, the sentiments of investors and traders are bearish.
Technical Levels:
- The Nearest Support Zone is $0.154.
- The Nearest Resistance Zone is $0.248.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
