Binance Will Close Futures Trading for XEM, ORBS, and LOOM on December 9
Binance Futures Announcement: Binance will close all positions and automatically settle three Perpetual Contracts (XEMUSDT, ORBSUSDT, LOOMUSDT) on December 9, leading to their delisting. Users are advised to close open positions before the settlement time.
Market Reaction: Following the announcement, prices for XEM, ORBS, and LOOM dropped significantly, with XEM falling by 5.6%, LOOM by around 3%, and ORBS by 6%, although some recovery was noted afterward.
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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 | 0.000565 | 0.000667 | 0.000745 | 0.000847 | 0.000925 | 0.00103 | 0.0011 |
| Fibonacci | 0.000667 | 0.000736 | 0.000779 | 0.000847 | 0.000916 | 0.000959 | 0.00103 |
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