$NXPC on the 1-hour chart is showing a significant move.
Following a sharp drop, the price is currently consolidating around 2.5801.
The 24-hour low sits at 2.5201, and the inability to reclaim the 24-hour high of 2.9691 suggests continued downward pressure might be in play.
The consolidation after a strong bearish move can sometimes indicate a continuation of the trend.
Traders should watch for a potential break below the current consolidation range for further downside. Always remember to conduct your own thorough analysis and trade responsibly.