š“ $NXPC USDT Heavy Selloff, Base Formation in Progress
NXPC has experienced a sharp bearish move after rejection from higher levels. The strong red impulse shows aggressive selling pressure, followed by a slow stabilization near intraday lows. Price is currently attempting to form a short term base.
Current Price, 0.4220
24H High, 0.4922
24H Low, 0.4165
š Market Structure (15M)
Strong bearish impulse
Lower highs and lower lows intact
Selling pressure weakening near support
Price compressing after dump
Bias, cautious to neutral, trend still bearish
š Key Levels
Support Zones
0.416 to 0.412 (major intraday support)
0.400 (psychological level)
Resistance Zones
0.435
0.450
0.470
šÆ Trade Scenarios
Relief Bounce Setup
Price holds above 0.416
Bullish reaction candle on support
Targets
1. 0.435
2. 0.450
3. 0.470
Bearish Continuation Setup
Loss of 0.416 with strong volume
Targets
1. 0.400
2. 0.382
š” Market Insight
NXPC is currently in a damage control phase after a sharp distribution move. While a short term bounce is possible due to oversold conditions, the broader structure remains weak. Only a reclaim above 0.450 would signal meaningful recovery. Until then, rallies may face selling pressure.$NXPC
