NMR is trading inside a falling wedge structure, with price compressing between descending resistance and rising demand. This is a classic bullish reversal pattern forming after an extended downtrend.
Price is currently holding the 8.66–9.18 demand zone while pressing toward wedge resistance around 10.7–10.8. A confirmed breakout and acceptance above the wedge resistance would indicate a momentum shift, targeting 13.20 initially, with a larger upside extension toward the macro resistance near 24.50.
Failure to hold above 8.66 would invalidate the wedge and keep the bearish structure intact.
NMRUSDT
Perp
9.878
-2.58%