- Numeraire token NMR fell 25% as traders took profits.
- The native Numerai token surged recently after reports of a $500 million investment by JPMorgan.
- NMR price could drop to $15 and may face resistance around $18.
As top coins contend with selling pressure, Numeraire (NMR) gave back recent gains, dropping roughly 25% over the past 24 hours.
Like much of the crypto market that enjoyed sharp gains in recent days, NMR pulled back as traders locked in profits.
Numeraire traded near $16.36 at the time of writing, slipping amid weakness in Bitcoin and Ethereum trading below $4,400.
Friday’s release of the PCE inflation data, which showed prices rose in July versus June and reached highs seen earlier in 2025, pushed equities lower. Cryptocurrencies retreated amid that broader outlook.
Numeraire price falls 25% as profit-taking pressures mount
Numeraire, the ERC-20 token that powers the AI-driven hedge fund platform Numerai, recently reached highs above $22.80.
The token’s rapid ascent — including a roughly 150% one-week increase — was fueled largely by reports of a $500 million investment from JPMorgan Asset Management.
That institutional support effectively doubled Numerai’s assets under management to nearly $1 billion, raising NMR’s profile and drawing significant trader interest. NMR rose from lows near $8.11 to a multi-month high of $22.87 on major exchanges.
Daily trading volume also spiked as bullish sentiment dominated.
However, eager traders taking profits contributed to a 25% pullback, with sellers targeting levels below $16. Notably, the reversal coincided with a 64% drop in trading volume, now near $340 million.
That lower volume is a mixed signal: it reduces immediate selling pressure on the token but also indicates weaker participation from buyers stepping in on the dip.
What’s next for Numeraire price?
With NMR trading around $16.36, technical indicators point to a bearish setup that could lead to further declines.
The token slipped below the upper Bollinger Band near $18.60, and the relative strength index (RSI) sitting below the neutral line signals weakening momentum.
On the daily chart, immediate support sits at $15, where the recent breakout candle formed.
If that level fails, the next key support is $14.57, and a deeper drop could test $10.50, a downside some analysts have warned is possible by September 2025.
Resistance now sits around $18, with a stronger barrier at $20 — a psychological level that aligns with late-2024 highs.
A decisive break above $18 could signal a reversal, but the current downtrend combined with falling volume argues for caution.
Broader market sentiment and Numerai’s ability to translate the reported JPMorgan investment into sustained growth will be crucial for NMR’s next directional move.