NMR's Make-or-Break Moment: Will Bulls Seize the Opportunity?

yesterday

Yello, Paradisers! Is #NMR gearing up for a massive breakout, or will it remain trapped in its sideways grind? Let’s dive in.

💎#NMRUSDT has been moving sideways for some time, but now it’s approaching a crucial descending resistance level near $17.20. This zone, reinforced by the descending channel and the MA-200, will be the make-or-break moment for bulls. Once NMR breaks above $17.20, it will be targeting $20.50 to $22.50 levels next—a formidable resistance zone that has suppressed any bullish attempts for over 150 days. This level is likely to trigger significant profit-taking, so caution is warranted.

💎Should bulls hold strong and push beyond $22.50, the door opens for higher targets at $26 to $29. The potential for upside is real, but only if buyers sustain momentum through the first critical levels.

💎On the downside, NMR has robust support at $13.50 to $12.50. If sellers attempt to test this zone, they’ll face considerable resistance. Below this lies an even more significant support area with strong historical importance, making it a tough battleground for bears.

Patience and discipline are key, Paradisers.

MyCryptoParadise
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