NMR Surges by 2717.15% Over the Past Year Despite Market Fluctuations and Anticipated Expansion

As of September 20, 2025,

fell by 5.83% in the past 24 hours, reaching $17.13. Over the last week, NMR declined by 354.73%, but surged by 2717.15% in the past month and maintained that increase over the previous year.

NMR has recently undergone a notable short-term drop, sliding 5.83% within one day. Nevertheless, the token has demonstrated remarkable long-term strength, soaring 2717.15% year-on-year. Experts believe this impressive yearly rise is linked to pivotal project developments and the growing adoption of its core technology. While the recent pullback is significant, the overall upward trend remains intact over longer timeframes. The 354.73% decline seen over the week is viewed as a temporary correction rather than a fundamental downturn, with overall market trends and NMR’s strong fundamentals indicating further long-term growth potential.

Currently, NMR is supported by a robust Relative Strength Index of 55, suggesting a moderate recovery is underway following the recent drop. The Stochastic RSI sits at 23, implying the asset may be oversold and could soon attract bargain hunters. Regarding moving averages, the 50-period SMA is positioned at $17.50 while the 200-period SMA is at $16.80, hinting at a slight bullish inclination. Additionally, the MACD histogram is positive and moving higher, which may signal that bearish momentum is beginning to reverse.

These technical indicators together suggest NMR could stabilize from its recent losses and resume its longer-term uptrend. Both the RSI and MACD support this outlook, reflecting a market where buying interest is picking back up after a sharp selloff.

Backtesting Strategy Hypothesis

One proposed backtesting approach would utilize NMR’s latest technical signals to model potential trading outcomes. This method combines RSI and moving averages to identify entry and exit points. Specifically, a long position would be opened if the RSI climbs above 30 and the 50-period SMA moves above the 200-period SMA (indicating a golden cross). Conversely, a sell signal would be triggered if the RSI falls below 70 and the 50-period SMA drops below the 200-period SMA (a death cross).

The strategy seeks to capture medium-term trends while filtering out daily price fluctuations. Historical data from the past year—including the recent 24-hour decrease of 5.83% and the substantial 2717.15% yearly gain—would be used to simulate the approach. The underlying assumption is that this framework would have successfully captured the prolonged upward momentum while reducing short-term volatility, and the results of the backtest could offer valuable insight into the effectiveness and reliability of the strategy in similar market scenarios.