It looks very weird, even Whales aren't pumping it.
XEM's price has increased more than 50 fold this year so there are a lot of early investors taking gains but they have to do it slowly because XEM has extremely shallow order books. There are also new investors who are accumulating but they want to get the lowest price of course so they try to wait for dumps. It seems both sides are comfortable with a $0.20-25 price point because the price has hovered in that range since the last rally. Once the early investors are done taking their gains chances are there will be another rally.
NEM will blow up soon. There is no question a rally is coming very soon.
How are you so sure? Do we have any more visibility on the release date of Catapult?
Just take a look at recent steemit posts such as this one: https://steemit.com/nem/@bhanzelhoff/i-think-nem-is-prepared-to-blow-up
This has become a known fact by now. I don't know anything about Catapult release date. But one thing I know for sure is that NEM DEV team never delayed a promised release. If it will be delayed it would be one or two weeks maybe a month at max. So be sure by the end of August beginning of September catapult will be already released.
Also check this one: https://steemit.com/ethereum/@benjust123/etheruem-is-it-a-victim-of-its-own-success
OK so you're just pointing to links by some chartists who say that NEW will go higher based on the technical. Far from a sure thing. I'm a big investor, 1mio+ coin and would love to see it higher but I believe only in fundamentals I.e. a change in the story I.e. Catapult. Charting has no statistical validity in my mind.