Nimiq (NIM) Price

Why Did Nimiq (NIM) Fall in the Last 24 Hours?

Nimiq’s market capitalization was about $3.72 million, indicating a small market with limited liquidity, where larger sell orders can have a more pronounced price impact in a shallow order book. During the report window, the bid-to-ask depth ratio across the top five levels was 0.43, with total sell orders about 2.3 times the buy orders. The largest sell wall was at 0.0002631 and the largest buy wall at 0.0002577, indicating comparatively close and heavier sell-side pressure above the price; however, resting orders can change and do not by themselves establish the direction of executed trades. The candlestick for 2026-11-08 14:00 UTC recorded volume of 830,500 NIM, and the price later fell below that candle’s close, pointing to subsequent selling pressure. Indicators showed weak trends on the 15-minute and 1-hour time frames, stronger ADX readings on the 4-hour and daily frames, and a bearish daily moving-average signal. RSI remained neutral and MACD showed no signal across the time frames, so there was no technical confirmation of a short-term reversal. These order-book and indicator readings are historical context for the report window, not proof that they alone caused the current market move.