Quick summary
$NMR is trading around 11.08 USDT, down roughly −6.5% on the day. Price is slipping back into a range after failing to hold recent highs, showing short-term weakness but still holding a key support zone.
What the chart is showing
High / Low: Recent spike high near 13.23, recent swing low around 10.15
Trend: Sideways to slightly bearish on the 4H timeframe
Moving Averages:
Price is hovering around MA7 (11.19)
Still below MA25 (11.24) and MA99 (11.16), which are clustering and acting as dynamic resistance
Price action: Sharp rejection from higher levels followed by consolidation near support
Volume: Spikes during the rejection from 13+ indicate profit-taking and strong supply at the top
Key levels to watch
Immediate support: 11.00 – 10.80
Major support: 10.15 – 9.90
Resistance: 11.35 – 11.60
Major resistance: 12.00 – 13.20
Bias
Neutral to bearish below 11.60
Bulls need a clean reclaim of 12.00+ to shift momentum
Holding above 10.80–11.00 keeps the range intact
Trading idea
Range traders may look for bounce setups near 10.8–11.0 with tight risk
Safer longs only if price reclaims 11.60–12.00 with volume
Shorts remain valid on weak bounces into 11.5–12.0 resistance
$NMR is cooling off after a volatile move. The next direction will likely be decided by whether buyers can defend the 11.0 area or if sellers push price back toward the 10.1 support zone.
