Japanese CEX Coincheck posts 75% revenue growth during fiscal Q3
Coincheck's Revenue Growth: Japanese crypto exchange Coincheck reported a 75% increase in revenue for its fiscal third quarter, reaching $782 million, largely attributed to a successful merger with Thunder Bridge Capital and its subsequent Nasdaq listing.
Net Loss Despite Growth: Despite the significant revenue growth and an increase in customer assets, Coincheck posted a net loss of $98.1 million due to high sales expenses and administrative costs.
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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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