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Numeraire and NMR prices are falling under the weight of sellers though there is hope above $37. Meanwhile, Swipe could crash if SXP sellers force the coin below $2.
Numeraire (NMR)
The Ethereum-based platform allows data scientists to create machine learning models with better reliability using NMR as the main currency.
Past Performance of NMR
The Numeraire token is within a bear breakout pattern as per the NMR crypto performance in the daily chart. There are attempts of higher highs, but bulls are tamed, paving the way for NMR coin bears.
Day-Ahead and what to Expect
Overall, the Numeraire coin appears to be struggling in the wave of selling pressure.
Specifically, NMRUSDT is trading in a bear breakout pattern below a critical support trend line.
Therefore, from the NMR technical analysis, bears have the upper hand for as long as prices are capped below $45.
Numeraire Technical Analysis
NMR prices, as mentioned earlier, are boxed inside a bear breakout pattern. However, bears are slowing down in consolidation below $45.
As we advance, traders can unload on pullbacks higher, targeting $37 and later $30 in continuation of bears of the second half of November.
On the reverse side, there could be more room for upsides should NMR token bulls clear $45 ideally with increasing volumes.
In that case, NMRUSDT may invalidate the downtrend, allowing for the expansion of NMR back to November 2021 highs at $50.
Swipe (SXP)
The platform aims to bridge cryptocurrencies and fiat with SXP as the priming currency.
Past Performance of SXP
Swipe token prices are under pressure and have consolidated the better part of the last two months.
From the SXP technical analysis, prices are also within a bear breakout pattern where losses below $2 could be subsequential for SXP holders.
Day-Ahead and what to Expect
The SXP coin is presently moving inside a pennant.
Depending on the breakout direction, the short-term trend would be defined after an extended period of consolidation.
Even so, SXP token sellers are more likely to breach the support trend line below $2 and November 2021 lows.
Swipe Technical Analysis
The path of least resistance is southwards and SXP bulls are struggling to contain sellers.
Inside a pennant and a bear flag, a close below $2 and November 2021 lows would invalidate bullish attempts as read from the series of higher highs of the past few weeks.
On the flip side, a close above $2.5 might rejuvenate buyers, thrusting Swipe coin prices to $3.