Pundi X Price Analysis: NPXS Price Correction Begins

NPXS price drops from the resistance of $0.0077265
  • NPXS price plunges from $0.0077265 to $0.0062529 on Tuesday’s trading session
  • The 24-hour volume in NPXS is at $681,966,378 with a 30.85% decrease.
  • The NPXS/BTC pair was trading at 0.00000117 BTC with a gain of 5.29%

The 4-hour technical chart of NPXS price action projects a downtrend. According to pivot points, NPXS critical support level is placed at $0.0032358. Whereas if it moves up, the key resistance level to watch is $0.0077265. While diving into the weekly chart of a 4-hour time-frame, it completes a pin bar candlestick pattern which represents a sharp reversal and rejection of price.

SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) is above SMA-50 (white), which projects a bullish trend. The price is also above SMA-100 (yellow). Investors may perceive the price is above the SMA, and the price will also follow the positive trend.

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RSI indicator (NEUTRAL), with a value of 50, indicates a neutral situation in the coin. Moreover, Investors can see a downward slope from 89 to 50 in the index, which may consolidate a bit in future trading sessions.

NPXS Price Action May Consolidate

NPXS price traded at $0.0062529 with a loss of 10.50% in the last 24-hour and 83.40% up in the weekly time-frame. Furthermore, NPXS price drops from the resistance of $0.0077265. In contrast, the market capitalization stands at $1.51 billion. Technically, investors can perceive price is above 100 SMA. Moreover, the price movement can be towards the resistance of $0.0077265.

Resistance: $0.0077265

Support: $0.0032358

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Nikhil Ingolehttp://themarketperiodical.com
Mr, Nikhil Ingole is a cryptocurrency technical analyst with over seven years of technical analysis trading experience in Forex and Indian stock market. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.

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