While watching the market, I noticed that the NMR market had some fluctuations... The price is now at 9.698, and in the short term, we are looking at the support around 9.3. If it can really pull back to here and hold steady, it indicates that the funds are still engaged; up top, we need to monitor the pressure zone between 10.2 and 10.5, whether it can break through with volume is crucial. The NMR project itself is focused on decentralized AI hedge funds and data modeling incentives, and the theme has always been relatively active. Once the market gets emotional, the elasticity often surpasses that of many older coins.
My feeling is that this wave of fluctuations seems more like a trial run, initially drawing attention over, and then seeing if there will be sustained buying. If it can stabilize above 9.7 later, it's not surprising to touch the pressure zone; but if the volume cannot keep up after a surge, the pullback could also be fast, so don’t just look at the rises, risk management must be prioritized.
This does not constitute investment advice, DYOR. #NMR #Crypto #Altcoins
My feeling is that this wave of fluctuations seems more like a trial run, initially drawing attention over, and then seeing if there will be sustained buying. If it can stabilize above 9.7 later, it's not surprising to touch the pressure zone; but if the volume cannot keep up after a surge, the pullback could also be fast, so don’t just look at the rises, risk management must be prioritized.
This does not constitute investment advice, DYOR. #NMR #Crypto #Altcoins