It appears most of the bearish momentum forming earlier today has evaporated once again. While it is evident most markets are not out of the woods by any means, there are some interesting price trends shaping up already. The NEM price, for example, is going through a somewhat bullish phase right now. That in itself is a welcome development for all holders and speculators alike.
NEM Price Tries to Break the Trend
It has been a while since the NEM cryptocurrency and blockchain project was discussed in a positive manner. While it is evident things are not going all that bad whatsoever, it appears things are progressing nicely for this particular altcoin. With the price now moving up again in a somewhat promising manner, there is a good chance NEM will try to retake the $0.05 level at some point. That is, assuming this project can maintain the promising trend for more than a few hours on end.
Over the past 24 hours, the NEM price noted a 4.4% gain across both USD and BTC value alike. This pushes the value back to $0.0479, or…