ADVERTISEMENT

XEM Price Analysis: NEM on a rise after Coincheck relisting

ADVERTISEMENT

Must Read

Youtuber Michelle Phan claims bitcoin is the best reserve and savings technology

The Asia-American YouTuber, Michelle Phan, sporting a channel with above eight million subscribers, has cited her opinion on Bitcoin,...

‘Force Majeure’ clause saves Telegram from refunding money to investors

Earlier US Security Exchange Commission obtained a restraining order from the US SEC to halt Telegram operations in the...

Bitcoin price starts to crash: Analyst eyes $6500

Popular Trend analyst account, Tradingshot, has predicted that the price of the leading cryptocurrency is likely to go at...

XEM Price showed a bullish trend earlier today as Coincheck exchange announced the relisting of the XEM coin. The XEM coin was delisted from the exchange earlier due to the hacking of the exchange that led to stealing of XEM tokens worth half a million dollars.

 

XEMUSD 1 Day Chart
XEMUSD 1 Day Chart

XEM Price Analysis

Support Level: $0.1177
Resistance Level: $0.1209

 

The price of the coin was trading around $0.092 just before the announcement of the relisting of the coin on Coincheck. Just a minute before the announcement the price started to rise tremendously and hit a high of $0.1223 showing more than a 28% rise in the last 24 hours.

The coin is currently trading around $0.1188 with the major support at $0.1177 and the resistance at $0.1209.

The XEM Token is ranked 15 according to market capitalization and showed the yearly high in January 2018 of $1.86.

The coin is expected to experience some bearish hurdles while settling down to a notable price.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

2 comments

Leave a reply

Please enter your comment!
Please enter your name here

Latest News

Youtuber Michelle Phan claims bitcoin is the best reserve and savings technology

The Asia-American YouTuber, Michelle Phan, sporting a channel with above eight million subscribers, has cited her opinion on Bitcoin,...

More Articles Like This