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- 1 At the time of writing, the NEXT crypto was trading near $0.41, recording a significant intraday rise of 2.11%.
- 2 The Connext Network price registered a substantial growth in the recent sessions, adding nearly 51.9% in the past month.
The Connext Network (NEXT Crypto) is trading higher on grounds for the second consecutive session and has neared the recent swing high. The NEXT/USD staged a recovery after taking a rebound from the 20-day exponential moving average.
The Connext Network crypto has been riding a bullish wave since November 2023 and is inclining, forming higher lows. The technical indicators suggest a potential for further gains with eyes on surpassing the previous swing highs.
The daily chart shows the formation of an ascending triangle pattern with the dynamic supports acting as the support and lower boundary of the pattern. Meanwhile, the sellers have kept hold of the higher supply level of $0.44.
At the time of writing, the Connext Network price was trading at $0.41, recording an intraday rise of 2.11%. It has a circulating supply of 107 Million NEXT tokens against a total supply of 1 billion NEXT tokens.
Fresh Upside moves may be observed on the charts if the NEXT crypto breaks higher above the recent hurdle at the $0.44 level. If the price surpasses this level, it may reach a higher supply of the $0.5 level.
The Connext Network Volume Analysis
The volume analysis shows that the NEXT crypto has a daily volume of 4.28 Million USD, which is 27.6% lower than the previous day. It has a live market capitalization of 45.06 million USD and ranks 2457th in the overall crypto market.
Also, it has a volume-to-market cap ratio of 9.67%, indicating mild volatility in the crypto.
NEXT Crypto Indicator Analysis
From a technical perspective, Connext Network price trades higher above the 20 and 50-day exponential moving average, indicating a bullish outlook in the short term. Also, the price hovers above the 200-day EMA, suggesting a positive trend prevailing in the long term.
When writing, the RSI line was hovering at 63.82 points above the mean line, suggesting a positive sentiment in the market. Also, the 14-day SMA line was at 60.63 points. A bullish crossover of the RSI and SMA line was observed on the charts, indicating a strong trend in the short term.
NEXT Crypto Price Prediction March 2024
An optimistic analyst perspective suggests that the NEXT price could reach a high of $0.507, indicating an upside potential of nearly 20.7% from the CMP. The bearish view of our analysts hopes for the price to break below the 20-day EMA, which may unlock more downside potential till the 50-day EMA.
Connext Network Crypto Price Prediction 2024
The analysts have a wide range of price targets for the year 2024. The most optimistic view of analysts assumes the price could advance to a high of $1.04 on the higher side. The lower price target for NEXT crypto is $0.76 by the year-end.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
