NPC Battles Market Volatility with a Strong Rebound, Can It Hold?

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NPC rebounded 87 percent from March lows but still lags 40 percent below key resistance, reflecting lingering market uncertainty

A rounded bottom in March hints at accumulation, yet sustained momentum is needed to confirm a long-term trend reversal

Traders eye 0.01400 resistance, breaking above could signal recovery, while failure risks a drop to 0.01205 or lower

The cryptocurrency market remains turbulent as $NPC experiences sharp fluctuations. After a steep 67% drop from January highs, it found support at $0.00646 in early March. A strong rebound followed, pushing prices to $0.01205. Despite this recovery, $NPC remains 40% down from key resistance levels

$NPC's Market Structure and Recent Trends

The beginning of 2025 saw high volatility in $NPC. However, after January's peak, sellers took control, causing a persistent downtrend. The price dropped below $0.01639 and continued falling throughout February. A loss of 34.15% was recorded in just 20 days, reflecting market weakness.

Source: Unknown Trader

March, however, brought a shift in momentum. The token formed a rounded bottom, signaling accumulation and a potential trend reversal. Buyers stepped in aggressively, causing prices to nearly double from the March lows. As of March 29, $NPC hovers at $0.01205.

Key Levels and Potential Price Movements

Currently, $NPC faces two possible scenarios. If buying pressure persists, the token could test the $0.01400 resistance. Breaking above this level could open doors for further upside, potentially reclaiming lost ground. However, if sellers regain control, a retracement to $0.01205 or even $0.00646 could occur.

Moreover, historical statistics indicate that a majority of investors were caught unprepared buying at the peak while others profited early. This is an example of the risk of going along with hype rather than a market trend. Hence, seasoned investors observe technical levels and not market sentiment.

Given its past volatility, the price action suggests that a consolidation phase is unfolding. If $NPC sustains its current level, it may signal a stronger uptrend. However, failure to hold above key supports could lead to another downturn.

The post NPC Battles Market Volatility with a Strong Rebound, Can It Hold? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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ReverseThinkingvip
ยท 03-31 09:50
Quick, enter a position! ๐Ÿš—
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