- 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.
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.
