NMR Technical Analysis: Sideways Consolidation Below EMA 50, Eyeing $9.68 Support and $9.91 Resistance

Technical Overview

NMR trades at $9.72, down 0.82% in the last 24 hours with a high of $9.85 and low of $9.20. The overall trend remains sideways, but bearish signals dominate: price sits below the EMA 50 ($9.8983) and EMA 200 ($11.7045), reinforced by a bearish Supertrend. BTC's downtrend (-2.22% to $76,593) adds caution for altcoins, with ATR at 0.7403 signaling moderate volatility.

Key Support/Resistance Levels

Strong support clusters at S1 $9.6807 (75/100 score, -0.40% distance; Prev Day Close, Ichimoku Senkou A, SMA 50). Next is S3 $9.2000 (64/100, -5.35%; Pin Bar bullish, LVN 3). Multi-timeframe confluence highlights $8.6679 (76/100) and $9.6807.

• Resistance: R1 $9.9107 (80/100, +1.96%; EMA 50, Fibo 0.214, Ichimoku Kijun).
• R2 $11.0487 (73/100, +13.67%; Keltner Upper, Swing High).
• Multi-TF: $9.9107 (80/100 across 1D/3D).

Pivot points: PP $9.5867, R1 $9.9733, S1 $9.3333.

Indicator Analysis

RSI (14) at 51.27 indicates neutral momentum, no overbought/oversold extremes. MACD shows bullish status with positive histogram (Line -0.1436 vs Signal -0.1678), hinting at potential reversal. Price above EMA 20 ($9.5531) but below EMA 50/SMA 50 ($9.6730), confirming short-term bearish bias vs long-term downtrend below EMA 200.

Bollinger Bands place price in upper half (bullish), with Upper $10.5185 and Lower $8.6745. Stochastic K/D (66.49/46.81) leans neutral-bullish. No volume data, but 24h volume $15.4M supports liquidity.

Pattern Recognition

Sideways channel persists, with price testing Ichimoku Cloud elements and Fibonacci downtrend levels (0.236 at $10.0724, 0.382 at $11.0638). Multi-TF confluences (10 strong levels: 3S/3R on 1D) suggest tight range-bound action NEAR $9.68-$9.91 S/R zone. Bullish pin bar at $9.20 adds reversal potential.

Price Targets & Scenarios

Bullish: Break R1 $9.91 targets $11.05 (Fibo 0.382), moon $13.81 (0.786). Bearish: Breach S1 $9.68 eyes $8.68 (BB Lower), crash $5.66. Fibonacci downtrend projects 0.618 at $12.67 upside, but EMA 200 cap looms.

Technical Outlook

Traders should monitor $9.68 support for bounces toward $9.91 resistance; failure risks $9.20 then $8.68 amid BTC weakness. Watch MACD histogram and RSI for divergence. Long above $9.91 (stop $9.68), short below $9.68 (target $8.68). Analysis as of February 03, 2026, 21:31 UTC.