$NXPC – BEARISH Near Critical Support! Bounce or Breakdown Ahead?
NXPC is currently trading at $1.6850 (-12.79%), showing heavy selling pressure after a significant drop from recent highs. With declining volume and price testing the $1.6617 support level, it's hovering near a critical zone that could trigger either a relief bounce or further breakdown.
Current Market Data
- Current Price: $1.6850
- 24h Change: -12.79%
- 24h High: $1.9422
- 24h Low: $1.6617
- 24h Volume (NXPC): 20.14M
- 24h Volume (USDT): 36.22M
Bullish Scenario (if $1.6617 support holds):
- Entry Zone: $1.6650 - $1.6800
- TP1: $1.7500
- TP2: $1.8200
- TP3: $1.9000
- Stop-Loss: $1.6400
Bearish Scenario (if $1.6617 support fails to hold):
- Short Entry: $1.6500 - $1.6600
- TP1: $1.5800
- TP2: $1.5200
- Stop-Loss: $1.7200
Market Insight:
NXPC is nearing a critical support zone at $1.6617 where previous bounces occurred during the recent consolidation. A strong bounce backed by volume could trigger a relief rally toward $1.75-$1.82, but weak price action and rejection under this key level may invite bears targeting $1.52-$1.58.
Pro Tip:
Use the 4H chart to watch for bullish divergence or hammer candlestick patterns near $1.6617. Set alerts around the $1.6600-$1.6700 zone — it's the pivot zone for both setups.
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