Token

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<p><strong>XEM </strong>is the native token of <a href="https://www.thecoinrepublic.com/price-prediction/nem/">NEM</a>. It rose recently and attracted investors’ attention.The token has revived over 150% in the past two weeks. </p> 
<p>From the bottom of $0.01040, the XEM token has taken a bounce and accumulated from there. A follow-up buying action could be spotted in the XEM token’s trajectory. XEM reached the make-or-break region near the 200-day EMA mark.</p> 
<p>The <strong>XEM token</strong> traded within a significant range for the past few months and has underperformed the market. Since the beginning of June 2024, it has taken a wild downmove influence and has corrected over 70% in the last month.</p> 
<h2 class="wp-block-heading" id="h-xem-token-at-press-time"><strong>XEM Token at Press Time</strong></h2> 
<p>At press time, the XEM token price was trading at $0.02538 with an intraday surge of 6.02%, reflecting buying momentum on the charts. Its trading volume rose over 43.20% to $94.63 Million.</p> 
<p>The pair of XEM/BTC was at 0.000000393 BTC, and the market cap was $121.59 Million. Analysts were neutral and suggested that the <strong>XEM price</strong> may extend the recovery and could trigger a breakout soon.</p> 
<h2 class="wp-block-heading" id="h-xem-triggers-a-rebound-bullish-breakout-imminent"><strong>XEM Triggers a Rebound: Bullish Breakout Imminent?</strong></h2> 
<p>The Daily chart of the XEM token implies a buyer accumulation and has gained traction. However, the 200-day EMA mark was still not breached, and buyers tried to escape the significant mark to register a breakout ahead.</p> 
<p>Trader Cobb (@TraderCobb), a renowned crypto trader, tweeted that XEM, the old dog, showed a strong bull run.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The community has been pointed in the right direction again today.<a href="https://twitter.com/search?q=%24XEM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XEM</a> the old dog having a strong run.<br><br>It was one of only 2 in my watch list this morning <a href="https://t.co/1fXbfR7PvW">pic.twitter.com/1fXbfR7PvW</a></p>— Trader Cobb (@TraderCobb) <a href="https://twitter.com/TraderCobb/status/1818184811061903627?ref_src=twsrc%5Etfw">July 30, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Interestingly, the token has breached its falling trendline and is on the brink of crossing the neckline barrier of $0.03000. Once the pivot breaches, a significant trend reversal can be seen ahead.</p> <iframe loading="lazy" title="Santiment Chart: Price (XEM), Volume (XEM)" width="800" height="425" src="https://embed.santiment.net/chart?ps=aave&amp;pt=AAVE&amp;df=2024-02-02T18%3A29%3A59.753Z&amp;dt=2024-08-02T18%3A29%3A59.753Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bnem%3BXEM%5D%3B%5B1%3Bvolume_usd%3Bnem%3BXEM%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>Notably, the traditional indicator, the RSI, showed a sharp vertical rise and reached the overbought zone, conveying a bullish stance. Likewise, the MACD indicator plotted the green bars on the histogram and guided the sustained buying pressure.</p> 
<p>Nonetheless, the Money Flow Index (MFI) indicator moved to the north side, which implies the continued price rise.</p> 
<p>Per the Fib retracement levels, the XEM token price has approached the 50% cluster and can take a pause there.&nbsp;</p> 
<p>The downtrend can be extended below the 38.2% zone near $0.01700, while above the 61.8% zone near $0.03800, a fresh short-term uptrend can be seen ahead.</p> 
<h2 class="wp-block-heading" id="h-social-dominance-and-weighted-sentiment-showed-an-uptick"><strong>Social Dominance and Weighted Sentiment Showed an Uptick</strong></h2> 
<p>With the price surge, the social media buzz for the <strong>XEM token</strong> revealed an uptick and soared by 8% this week. The value crossed the midline region, noted at 0.111%, highlighting the positive media discussions on the media platforms.</p> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (XEM), Social Dominance (XEM)" width="800" height="425" src="https://embed.santiment.net/chart?ps=aave&amp;pt=AAVE&amp;df=2024-02-02T18%3A29%3A59.753Z&amp;dt=2024-08-02T18%3A29%3A59.753Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsentiment_volume_consumed_total%3Bnem%3BXEM%5D%3B%5B1%3Bsocial_dominance_total%3Bnem%3BXEM%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>Its weighted sentiment data showed a significant revival. Still, the value stays below the zero line, noted at -0.161, reflecting the mixed cues among the investors.</p> 
<p>Its futures Open Interest rose over 30.25% to $24.54 Million, which signifies a long buildup activity in the past 24 hours.</p> 
<p>If the token fails to crack the 200-day EMA barrier, it may face rejection and could retest the downside support zone of $0.02000, followed by the $0.01860 mark.&nbsp;</p> 
<p>If it crosses the immediate cluster of $0.02500, the next upside hurdle is around $0.03000, followed by $0.03200.</p> 
<p>Undoubtedly, the token has given a sharp rebound from its bottom, but the key indicators guided an overbought outlook, and a significant dip can be seen for a smooth surge ahead.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/04/xem-token-demand-rises-could-it-reach-0-03-this-week/">XEM Token Demand Rises: Could It Reach $0.03 This Week?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

XEM Token Demand Rises: Could It Reach $0.03 This Week?

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