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📉 Analysis of NXPC/USDT (1D)
NXPC continues to trade in a narrow sideways range in the consolidation zone of $0.8655–$0.93. The price is holding at the lower boundary, which increases the risk of a downward breakout.
🔍 Technical picture:— Price below all moving averages (MA 7/25/99) — bearish signal— Ichimoku cloud and SAR indicate the dominance of a downward trend— Support: $0.8655— Resistance: $0.9302 (upper boundary of the range )
⚠️ A breakdown below support may trigger a new decline.📌 A confident breakout above $0.93 with volume is needed for a trend change.
Watch for the breakout — it will determine the next impulse.