NPXS Still In Downtrend
Updated
NPXS is still in a downtrend for better part of a year, but with airdrops done, and burns increasing... chances of a breakout from the channel is good. No predictions on price but others on TradingView see 22-35 sats as a reasonable mid-range target once price breaks free from the current channel and I agree.
If price closes for a day or two above 13 sats at this point it should mark an exit from the channel and an opportunity for big profits. Still a decent chance that it drops one more time to the 8-9 range when the final airdrop lands and sells off, but once above that 14 sat line, NPXS will never see these BTC ratios again.
Channel Break: Daily close above 14 sats
Buy-in Price: 8 - 12 sats
If price closes for a day or two above 13 sats at this point it should mark an exit from the channel and an opportunity for big profits. Still a decent chance that it drops one more time to the 8-9 range when the final airdrop lands and sells off, but once above that 14 sat line, NPXS will never see these BTC ratios again.
Channel Break: Daily close above 14 sats
Buy-in Price: 8 - 12 sats
Note
Touched 10 sats on Binance today and airdrops have arrived to those who were staking, so I'd expect a trip down again to 8-10 before we go up. As the trend line drops, the price to break out gets lower and lower. Still need 13 - 14 sats, but in a month that will only be a daily close above 12 sats.
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