The focus of the crypto assets market is once again on NMR. The latest data shows that the price of NMR has exhibited a strong rise in the past hour, breaking through the upper band of the Bollinger Bands, with the current trading price at 19.747. The technical analysis indicators have shown a golden cross pattern, which is typically seen as a signal that long positions are gaining strength.

From a technical perspective, NMR has firmly established a support level at 19.906 and is approaching a resistance level at 22.111. The price is running close to the upper band of the Bollinger Bands, while the yellow and white lines of the MACD indicator have crossed above the zero axis, all of which are typical signals of a continuing pump trend. Currently, the two key support levels that the market is following are at 17.474 and 16.4. As long as the price remains above these two levels, the upward trend is expected to continue.

It is worth noting that the liquidation heatmap of the Binance exchange shows a large number of short positions between 20.96 and 22.11. If the price can break through 20.96, it may trigger a massive short liquidation, thereby driving the price further up. The increase in current trading volume also indicates that large funds are entering the market.

Market participants should also closely follow the upcoming U.S. economic data. The U.S. August CPI data and initial jobless claims will be released at 20:30 tonight. If the CPI data is lower than expected, it could serve as a catalyst for the rise of the crypto market. As one of the more volatile crypto assets, the price movement of NMR may be more pronounced than the overall market.

Considering the overall Technical Analysis, news, and market structure, NMR seems to be at a critical point of breakthrough. If tonight's economic data favors the Crypto Assets market, NMR is likely to test the price level of $22 or even higher. However, investors should remain cautious, closely follow market trends, and manage risks.