The NMR coin is the native token of the Numerai project, a unique project that combines artificial intelligence, financial data, and cryptocurrencies.
📌 What is the Numerai project?
Numerai is a hedge fund that relies on artificial intelligence, differing from traditional funds in that it:
Opens its financial data (anonymously) to analysts and programmers around the world.
Encourages them to build models to predict the stock market using machine learning.
Awards financial rewards (NMR) for the best accurate models.
📉 Technical analysis:
1. General trend:
The trend is currently sideways with a slight upward bias in the short term, after a rebound from the low of 7.25.
The price is fluctuating between 7.25 support and 7.97 resistance.
2. Support and resistance:
Level Type Note
7.25: Strong support; recently bounced from it
7.59: Secondary support; lowest price in the last 24 hours
7.97: Current resistance; recent high peak
8.08: MA99 Resistance; Important technical resistance
3. RSI Indicator (6):
Value: 48.88
Neutral currently, does not indicate overbought or oversold conditions.
It could rise towards 60–65 if the price breaks the resistance at 7.97.
4. Trading volume:
There are currently no high trading volumes, indicating market hesitation or waiting for a break of a certain level.
🔍 Possible scenarios:
✳️ Positive scenario (breakout):
If the price exceeds 7.97 with a strong 4-hour close, it could rise towards:
8.08 (MA99 Resistance)
Then 8.50–8.80 in case of increased momentum.
⚠️ Negative scenario (break):
If 7.59 is broken with a close, the price may return to test:
7.40 as secondary support.
Then 7.25 as a strong final support area.
🟢 Summary and advice:
Currently, the price is between support and resistance, and the best decision is after a clear break of either.
If you are looking for a safe entry:
Wait for a strong close above 7.97 to buy.
Or a retest of 7.25 with clear buying support from the low.
