$NXPC
$NXPC HAS STARTED TO BOUNCE! WHY?
Looking at the chart, the price is still in a strong downtrend. There isn't enough buying pressure to confirm a trend reversal.
The recent move appears to be a short-term rebound from support rather than the start of a major rally.
My expectation is that it may rise slightly before facing resistance around 0.22–0.25.
$NXPC HAS STARTED TO BOUNCE! WHY?
Looking at the chart, the price is still in a strong downtrend. There isn't enough buying pressure to confirm a trend reversal.
The recent move appears to be a short-term rebound from support rather than the start of a major rally.
My expectation is that it may rise slightly before facing resistance around 0.22–0.25.