$NXPC showing signs of recovery after bouncing from recent lows
š Now at $1.2937 ā up +1.52% daily, but still below key resistance after recent downtrend
š„ 24h Vol: 11.61M NXPC | Eyes on reclaiming $1.3475 resistance
Technical Analysis:
Support established at $1.1921 (24h low) and $1.1685 (recent swing low)
Resistance at $1.3475 (24h high) and previous breakdown zone near $2.0450
Volume remains healthy, suggesting active trading and potential for volatility
Recent price action shows a higher low at $1.1685, indicating early recovery signs
Next major resistance at $1.3475; reclaiming this could confirm further upside
Targets:
šÆ Short-term: $1.3475 (+4.15% upside)
šÆ Medium-term: $1.50 (+16% upside, contingent on breakout continuation)
šÆ Stop-loss: Below $1.1921 (-7.8%)
Risk Assessment:
Volatility remains elevated after recent selloff and bounce
Market context: Some recovery, but overall trend still fragile
Confirmation needed above $1.3475 for sustained upside
Sentiment mixed; watch for volume and momentum shift
DYOR (Do Your Own Research)
Is this the start of a sustained recovery or just a relief bounce? DYOR
