- Bullish XEM price prediction is $0.0552 to $0.1274.
- NEM (XEM) price might also reach $0.1 soon.
- XEM bearish market price prediction for 2022 is $0.0287.
In NEM’s (XEM) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about XEM to analyze the future movement of the cryptocurrency.
NEM (XEM) Current Market Status
According to CoinGecko, the price of NEM (XEM) is $0.03263370 with a 24-hour trading volume of $6,437,959 at the time of writing. However, XEM has decreased by nearly 5.8% in the last 24 hours.
Moreover, NEM (XEM) has a circulating supply of 8,999,999,999 XEM. Currently, NEM (XEM) trades in cryptocurrency exchanges such as Binance, OKX, Upbit, OKX and FMFW.io.
What is NEM (XEM)?
XEM is the native cryptocurrency of NEM’s NIs1 public blockchain. NEM is an ecosystem of platforms that use blockchain and cryptography to provide solutions for businesses and individuals. XEM is a decentralized open-source cryptocurrency that has a number of unique features. NEM claims that the proof-of-importance system ensures that the network can identify and reward those that actually use it the most. NEM group is a parent company designed to support the growth of the NEM ecosystem leading up to the launch of the symbol and beyond.
NEM (XEM) Price Prediction 2022
NEM holds the 109th position on CoinGecko right now. XEM price prediction 2022 is explained below with a daily time frame.
The above chart of NEM (XEM) laid out the Descending channel. Descending channel also known as the falling channel pattern. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, NEM (XEM) is in the range of $0.0373. If the pattern continues, the price of XEM might reach the resistance levels of $0.0373, $0.0588 and $0.0682. If the trend reverses, then the price of XEM may fall to $0.0.0285.
NEM (XEM) Support and Resistance Level
The below chart shows the support and resistance level of XEM.
From the above daily time frame, it is clear the following are the resistance and support levels of XEM.
| Resistance Level 1 | $0.0552 |
| Resistance Level 2 | $0.0878 |
| Resistance Level 3 | $0.1274 |
| Support Level | $0.0287 |
The charts show that NEM (XEM) has performed a bullish trend over the past month. If this trend continues, XEM might run along with the bulls overtaking its resistance level at $0.1274
Accordingly, if the investors turn against the crypto, the price of NEM (XEM) might plummet to almost $0.0287, a bearish signal.
NEM (XEM) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of NEM (XEM) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of XEM lies below the cutoff line, indicating weaker participants in the current trend.
Also, the Moving Average (MA) of NEM (XEM) is shown in the chart above. Currently, XEM is in a bearish state. Notably, NEM (XEM) price lies below 50 MA (short-term), so it is completely in a downtrend. Therefore, there is a possibility of a reversal trend of XEM at any time.
Meanwhile, the relative strength index (RSI) of the XEM is 40.67. This means that NEM (XEM) is in an oversold state. However, this means a major price reversal of XEM may occur in the upcoming days. So, traders need to trade carefully.
NEM (XEM) Price Prediction 2022 — ADX, RVI
Let us now look at NEM’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of NEM (XEM). Currently, ADX of XEM lies in the range of 23.3142, so it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of NEM (XEM). RVI measures the constant deviation of price changes over a period of time. The RVI of XEM lies below 50, indicating low volatility. In fact, the RSI of NEM (XEM) is at 40.67, thus confirming a potential buy signal.
Comparison of XEM with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and NEM.
From the above chart, we can interpret the price changes of BTC, ETH, and XEM are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and XEM also increase or decrease respectively.
NEM (XEM) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, NEM (XEM) might probably attain $0.5 by 2023.
NEM (XEM) Price Prediction 2024
With several upgrades in the network, NEM (XEM) might enter a bullish trajectory. If the coin grabs the attention of major investors, XEM might rally to hit $2 by 2024.
NEM (XEM) Price Prediction 2025
If NEM (XEM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, XEM would rally to hit $4.
NEM (XEM) Price Prediction 2026
If NEM (XEM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, XEM would rally to hit $6.
NEM (XEM) Price Prediction 2027
If NEM (XEM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, XEM would rally to hit $8.
NEM (XEM) Price Prediction 2028
Despite the trends in the highly-volatile crypto market, if NEM (XEM) holds up a strong stance as a better investment option for the next 6 years, it might drive significant price rallies. Thus, by 2028, XEM would hit $10.
NEM (XEM) Price Prediction 2029
If investors flock in and continue to place their bets on NEM (XEM), it would witness major spikes. XEM might hit $12 by 2029.
NEM (XEM) Price Prediction 2030
With greater advancements in the NEM ecosystem, the crypto community might continue to invest in XEM for the next 8 years and drive significant price rallies for the token. Hence, NEM (XEM) might hit $14 by 2030.
Conclusion
With continuous improvements in the NEM Network, we can say that 2022 is a good year for XEM. For this reason, the bullish price prediction of NEM (XEM) in 2022 is $0.1274. On the other hand, the bearish price prediction of NEM (XEM)for 2022 is $0.0287.
Furthermore, with the advancements and upgrades to the NEM ecosystem, the performance of XEM would help to reach above its current all-time high (ATH) of $1.87 very soon. But it might also reach $0.1 if the investors believe that XEM is a good investment in 2022.
FAQ
NEM is an ecosystem of platforms that use blockchain and cryptography to provide solutions for businesses and individuals.
XEM has listed on many crypto exchanges which include Binance, OKX, Upbit, OKX and FMFW.io.
With the ongoing developments and upgrades within the XEM platform, it has a high possibility of reaching its ATH soon.
On Jan 07, 2018, XEM reached its new all-time high (ATH) of $1.87.
NEM (XEM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of XEM in the past few months, XEM is considered a good investment in 2022.
NEM (XEM) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then NEM (XEM) will hit $0.1 soon.
NEM (XEM) price is expected to reach $0.5 by 2023.
NEM (XEM) price is expected to reach $2 by 2024.
NEM (XEM) price is expected to reach $4 by 2025.
NEM (XEM) price is expected to reach $5 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Source: https://thenewscrypto.com/nem-xem-price-prediction