NEM (XEM) Price Prediction 2022 — Will XEM Hit $0.2 Soon?

NEM (XEM) Price Prediction — Will XEM Hit $0.1 Soon?
  • Bullish XEM price prediction is $0.0551 to $0.1277.
  • NEM (XEM) price might also reach $0.2 soon.
  • XEM bearish market price prediction for 2022 is $0.0288.

In NEM (XEM) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and 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 $0.03341989 with a 24-hour trading volume of $6,784,267 at the time of writing. However, XEM has decreased by nearly 0.7% 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 (XEM) holds the 110th position on CoinGecko right now. XEM price prediction 2022 is explained below with a daily time frame.

XEM/USDT Ascending Triangle Pattern (Source: Tradingview)

The above chart of NEM (XEM) laid out the Ascending Triangle. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.

Currently, NEM (XEM) is in the range of $0.03341989. If the pattern continues, the price of XEM might reach the resistance levels of $0.0362, and $0.0425. If the trend reverses, then the price of XEM may fall to $0.0.0316, and $0.0281.

NEM (XEM) Support and Resistance Levels

The chart below shows the support and resistance levels of  NEM (XEM).

XEM/USDT Support and Resistance Levels (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for NEM (XEM). 

Resistance Level 1$0.0551
Resistance Level 2$0.0878
Resistance Level 3$0.1277
Support Level$0.0288

Accordingly, if the investors turn against the crypto, the price of  NEM (XEM)  might plummet to almost $0.0288, a bearish signal.

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 $0.1277.

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.

XEM/USDT RVOL, MA, RSI (Source: TradingView)

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 49.56. This means that  NEM (XEM) is in a nearly  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 the Average Directional Index (ADX) of  NEM (XEM). 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.

XEM/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of  NEM (XEM). Currently, ADX of XEM lies in the range of 39.5380, so it indicates a strong 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 49.56, thus confirming a potential sell signal.

Comparison of XEM with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  NEM (XEM).

BTC Vs ETH Vs XEM Price Comparison (Source: TradingView)

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 $0.1277. On the other hand,  the bearish price prediction of NEM (XEM) price prediction for 2022 is $0.0288.

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 $0.2 if the investors believe that XEM is a good investment in 2022.

FAQ

1. What is NEM (XEM)?

XEM is the native cryptocurrency of NEM, a blockchain-based metaverse. NEM (XEM) was launched in 2017. Users can purchase and trade assets in the NEM ecosystem using XEM.

2. Where can you purchase  NEM (XEM)?

NEM (XEM) has been listed on many crypto exchanges which include  Binance, OKX, Upbit, OKX and FMFW.io. 

3. Will NEM (XEM) reach a new ATH soon?

With the ongoing developments and upgrades within the NEM platform, XEM has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of NEM (XEM)?

On January 07, 2018, NEM (XEM) reached its new all-time high (ATH) of $1.87.

5. Is NEM (XEM) a good investment in 2022?

NEM (XEM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of  NEM in the past few months, XEM is considered a good investment in 2022.

6. Can  NEM (XEM) reach $0.2?

 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 $0.2 soon.

7. What will be  NEM (XEM) price by 2023?

 NEM (XEM)  price is expected to reach $0.5 by 2023.

8. What will be  NEM (XEM) price by 2024?

 NEM (XEM) price is expected to reach $2 by 2024.

9. What will be  NEM (XEM) price by 2025?

 NEM (XEM) price is expected to reach $4 by 2025.

10. What will be  NEM (XEM) price by 2026?

 NEM (XEM) price is expected to reach $6 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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