Delist Announcement from Bitcoin Exchange Binance: Six Altcoin Trading Pairs Delisted from Spot Transactions!
- Binance Announcement: Binance, the largest cryptocurrency exchange, will delist OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM) on June 17, 2024.
- Reasons for Delisting: Factors considered include team commitment, development activity, trading volume, network stability, public communications, and regulatory compliance.
- Delisting Details: Trading pairs like OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, and WNXM/USDT will be removed on June 17, 2024.
- Token Conversion: Binance may convert delisted tokens into stablecoins after September 18, 2024, but this is not guaranteed.
- Additional Information: Justin Sun's altcoin holdings worth $1 billion were also mentioned in related news.
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Technical Analysis for XEM
Technical Sentiment Analysis for NEM (XEM) As of , NEM (XEM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XEM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XEM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
NEM (XEM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000566 | 0.000668 | 0.000746 | 0.000848 | 0.000926 | 0.00103 | 0.00111 |
| Fibonacci | 0.000668 | 0.000737 | 0.000779 | 0.000848 | 0.000917 | 0.000959 | 0.00103 |
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