After officially listing on Binance on May 15, 2025, $NXPC immediately caught the market's attention with a sharp price spike at the beginning of the trading session. However, like the common pattern on Launchpool listings, this phase of euphoria was followed by quite aggressive selling pressure.
In the last 24 hours, NXPC corrected by -16.68% and is currently trading at around $2.35 after briefly reaching a peak of $3.86. From a technical perspective, this decline has also dragged the RSI indicator below the 30 level, indicating an oversold condition, although no solid reversal signals have been seen yet.
The selling pressure is likely coming from early staker distribution and short-term traders taking advantage of the initial price spike. The EMA(13) is currently above the market price (2.6530), indicating that the short-term trend bias is still bearish.
NXPC's trading volume remains relatively high, recording over $49 million, showing that market interest in this token is still active despite the dominance of negative sentiment.
What do you think about this coin? Is this correction an interesting moment for re-entry, or is it a signal to wait and see first?
Disclaimer: Not Promotion & Not Financial Advice
