Attention all crypto friends! Let's take a 'magnifying glass' today to look at the 1-hour chart of NXPC. The chart is quite clear; the price has recently been like a roller coaster, but right now it is firmly stuck at the key 'floor price' of 1.25348 USD. Above, 1.31510 USD acts like a hard ceiling, having bounced back multiple times before. In simple terms, NXPC is currently standing on the 'edge of a cliff.' The next step is to bounce upwards and break through the ceiling or can't hold on and fall down?

Core conclusion from the chart:

Where are we now? Stuck in the middle!

Current price is 1.26663 USDT, just stuck between strong support below at 1.25348 and hard resistance above at 1.31510. Neither up nor down!

How strong is the support?

1.25348 is the lifeline! Multiple declines have not effectively broken through this price, indicating there are buyers supporting it. As long as it holds here, there won't be a significant drop.

How heavy is the pressure?

1.31510 is a short-term major resistance! The price has been pushed back several times upon reaching this level, indicating strong selling pressure above. Want to rise? It must break through with volume!

What is the key factor for short-term rise and fall?

Want to rise: It must break through and hold above 1.31510 with volume (strong buying pressure)! If it can't break through, it can only continue to fluctuate between 1.25348 and 1.31510.

Afraid of a drop: Focus on 1.25348! If it drops below this support with volume, the price is likely to continue searching for lower points (risk signal!).

What is the current market situation?

Overall slight fluctuations (recent volatility only 1.16%), both bullish and bearish forces look similar, all waiting for direction. Currently, the news front is calm with no major news to stimulate the market.

Reminder from Brother Qiu:

Do not impulsively chase the rise if it doesn't break through 1.31510 (especially without volume)!

As long as it doesn't drop below 1.25348 (especially if it can quickly recover), don't panic sell!

Keep an eye on these two price lines! The short-term direction will follow whichever one is effectively broken through (or dropped below) with volume!

The current position is sensitive; it's safer to watch more and act less!

#币安Alpha理财中心

Don't follow Brother Qiu? Next time there's a crash, you won't even get WiFi on the rooftop!

$NXPC