Wrapped NXM (WNXM) Technical Analysis 2021 for Crypto Traders

Wrapped NXM (WNXM) has a total market cap of $0 and ist price is $0. Wrapped NXM (WNXM) has a total supply of 1.0 B NXM. The top performing day for Wrapped NXM (WNXM) is Thursday. Wrapped NXM (WNXM) volume production is only 5,000,000,000.0. A high of 0.0 and a low of 0.0 for the last 24-hours. The average volume for Wrapped NXM (WNXM) is 0.0.

Wrapped NXM (WNXM) is a cryptocurrency based on the NEM platform.  Wrapped NXM (WNXM) is a cryptocurrency based on the NEM platform. The 100% Proof of Stake protocol allows holders to stake their tokens in order to earn a profit by staking. The interactive Proof of Stake algorithm was designed to give users broad control opportunities. This will allow users to get more active in the network.

Wrapped NXM (WNXM) Technical Analysis 2021 for Crypto Traders

We utilize historical data, price analysis, RSI, RVOL, and other information about WNXM to evaluate the cryptocurrency’s future movement in NXM (WNXM) Technical Analysis 2021 Wrapped. 

The Nexus Mutual protocol creates the NXM token only for internal usage, and all of its holders must go through KYC. As a result, a wrapped version is produced, allowing more people to hold the token without having to go through the KYC process. 

Nexus Mutual is a decentralized insurance protocol based on Ethereum that presently covers all main defi protocols and offers smart contract coverage on the Ethereum blockchain. It protects against possible smart contract code mistakes by covering smart contract faults.

Current Market Situation for Wrapped NXM (WNXM)

The WNXM price is now trading at $74.11 with a 24-hour trading volume of $16,993,754 according to Coingecko. WNXM, on the other hand, has dropped 5.5 percent in the past 24 hours. 

In addition, there are 2,231,397 WNXM in circulation. WNXM is currently traded on Binance, OKEx, Hotcoin Global, Huobi Global, and Bitget, among other exchanges.

Wrapped NXM (WNXM) Technical Analysis 2021 

The latest improvements and development may propel WNXM to new heights. Let’s take a closer look at the WNXM technical analysis for 2021. Wrapped NXM (WNXMdaily )’s time frame chart is given below.

Horizontal Channel Pattern WNXM/USDT (Source: Tradingview)

The horizontal channel design resembles a rectangular pattern. It has at least four places of contact. This is because it requires at least two lows and two highs to connect. The buying and selling pressures are balanced, and the price movement is trending sideways.

WNXM is now trading in a range of $79.34. If the price violates the trend line, it will fall to the $43.25 support level. Otherwise, it will hit the $124 resistance level.

NXM (WNXM) RSI Wrapped

The relative strength index (RSI) of WNXM is shown in the chart below. 

Wrapped NXM (WNXM) Technical Analysis 2021 for Crypto TradersWNXM RSI (Relative Strength Index) (Source: TradingView)

The RSI is still at 62.84, as seen in the chart above. This indicates that the price of WNXM is almost overbought. This demonstrates the need of traders trading cautiously, since a big price reversal may occur.

RVOL wrapped in NXM (WNXM)

The Relative Volume of WNXM is shown in the graph below. RVOL is a trading indicator that shows how current trading volume has changed over time when compared to previous trading volume.

Wrapped NXM (WNXM) Technical Analysis 2021 for Crypto TradersRVOL WNXM (Source: TradingView)

The RVOL of WNXM is below the cutoff line, which indicates the weaker players in the current trend, as seen in the chart above.

NXM (WNXM) Moving Average Wrapped

The chart below shows the Moving Average (MA) for WNXM. A moving average is a tool used in technical analysis to help traders spot trends.

Wrapped NXM (WNXM) Technical Analysis 2021 for Crypto TradersMA WNXM (Image courtesy of TradingView)

WNXM is now in a bullish phase. The WNXM price, on the other hand, is above the 50 MA (short-term) and has a good probability of going higher. Furthermore, the price of WNXM is above the 50 MA and the 200 MA (long-term), indicating that it is fully bullish. Furthermore, a Trend reversal is a distinct potential at any moment.

Price Comparison of Wrapped NXM (WNXM) With Bitcoin

The price comparison between WNXM and BTC is shown in the graph below. 

Wrapped NXM (WNXM) Technical Analysis 2021 for Crypto TradersChart comparing the prices of WNXM and BTC (Source: TradingView)

The trend of the BTC can be seen on the chart, and WNXM is moving in lockstep with the trend. This means that when the price of BTC rises or falls, the price of WNXM rises or falls as well.

Conclusion

With the continuous improvements and enhancements to the WNXM platform. Wrapped NXM has a bright future in the cryptocurrency industry. WNXM, on the other hand, has the potential to soar to new heights.

The price estimate for WNXM in 2021 is $105. However, as previously said, if investors feel that WNXM is a solid investment in 2021, it may achieve tremendous heights, hitting $124.

FAQ

What exactly is WNXM?

The Nexus Mutual protocol’s governance token is WNXM. It is used to buy insurance, engage in claims and risk assessments, and vote on management decisions.

Where can you get your hands on WNXM?

Binance, OKEx, Hotcoin Global, Huobi Global, and Bitget are just a few of the cryptocurrency exchanges that have WNXM listed.

Is WNXM on the verge of breaking a new all-time high?

The WNXM platform’s continuing improvements and enhancements have a good chance of achieving its ATH shortly.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

Wrapped NXM (WNXM) is a cryptocurrency token and operates on the Nxt blockchain. The current supply of Wrapped NXM is 10,000,000,000 tokens and it has a current circulating supply of 7,456,811,000 tokens. The official website for Wrapped NXM is nxt.wrapped. ico , and its source code is available on GitHub. Wrapped NXM (NXM) is a Proof of Stake (PoS) coin that uses the Proof of Stake (PoS) consensus.. Read more about wrapped nexus mutual prediction and let us know what you think.

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