Decentralized Hedge Fund Platform Numerai Announces Large Purchase of Its Native Token! Here Are the Details
Numerai's Buyback Announcement: Numerai plans to repurchase $1 million of its native token, Numeraire (NMR), to support its staking ecosystem and promote long-term alignment among participants, with the buyback strategy designed to maintain market stability.
Growth in Assets Under Management: The platform's assets under management have surged to over $441 million from $173 million in 2023, driven by its contest-based model that aggregates user predictions into a successful Stake-Weighted Meta Model.
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Technical Analysis for NMR
Technical Sentiment Analysis for Numeraire (NMR) As of , Numeraire (NMR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NMR 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, NMR 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 $-.
Numeraire (NMR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 4.803 | 6.071 | 7.533 | 8.801 | 10.263 | 11.531 | 12.993 |
| Fibonacci | 6.071 | 7.114 | 7.758 | 8.801 | 9.844 | 10.488 | 11.531 |
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