Monero, NEM, VeChain Price Analysis: 22 November

As far as the market’s alts were concerned, while Monero exhibited a bearish divergence, NEM was trading under a strong level of resistance after recovering with strength over the past few days. XEM dropped under an ascending channel to test the support at $0.115, before the market bulls seized the initiative and drove prices all the way back up to $0.135.

The projected target for the breakout would have been the base of the channel at $0.134, and VET rose past the level and then saw a pullback. It was not clear whether VET would continue its recovery and rise past the $0.139-resistance level, or whether it would have to trade within a range over the next few days.

Timeline of Monero, Nem, Vechain