$NXPC NXPC/USDT Technical Analysis – Bullish or Bearish?
NXPC just shocked the market with an explosive rally, skyrocketing over +2500% in 24 hours from a low of $0.10 to a high of $3.8674. The coin is now consolidating around $2.6798 with strong volume support.
Key Levels:
Support Zone:
Immediate support lies near $2.00–$2.30. A breakdown below this could see a retest of $1.56, the next key level.
Resistance Zone:
The major resistance is at $3.22, followed by the recent high at $3.86.
Bullish Indicators:
Massive volume on breakout
Candle structure still forming higher lows
Strong momentum with current price holding above major retracement zones
Bearish Risk:
Sharp wicks and a steep rise suggest a possible pump-and-dump risk
If price breaks below $2.00, it may start forming a bearish trend
Conclusion: Currently, NXPC is in a bullish consolidation, but traders should watch for a breakout above $3.22 for continuation, or a drop below $2.00 for potential downside. Tight risk management is key due to extreme volatility.
