- Bullish NPXS price prediction ranges from $0.0028 to $0.015
- NPXS might show good market performance this 2021, reaching a new ATH.
This Pundi X Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our Pundi X Token Price prediction and price analysis.
The cryptocurrency market started to surge high. In fact, there are many cryptos that surged to a new all-time during this 2021 bull run. In contrast, some crypto also had a downtrend. Therefore, many traders and investors are confused about whether it is time to hold or sell for a good price.
For NPXS, the former may be the case. In fact, Pundi X Token Price reached a high price of $0.0044 in March. It also reached a 24-hour trading volume of over $194.6 million.
Nevertheless, the crypto market is consolidating lately, and most cryptos are losing their previous profits. Is the scenario the same with NPXS price? We’ll find out shortly in this NPXS price analysis 2021 article. But first, let’s have a look at what NPXS is.
What Is Pundi X (NPXS)?
Pundi X Token is a leading developer of blockchain-based devices with the aim of transforming retail firms with its blockchain-related point of sale solution. Moreover, the solution allows retail merchants and consumers to conduct instantaneous in-store transactions on its blockchain.
Creators of the NPXS token think that it will one day be utilized on their Ethereum-based Point-of-Sale (POS) devices. More so, this approach can provide basic banking services to underdeveloped countries like Latin America and Indonesia.
Currently, the top crypto trading platforms for NPXS are Binance, Huobi Global, Upbit, VCC Exchange, and HitBTC.
Now that we have an idea about NPXS, do you think NPXS will be profitable crypto in 2021? Join me and let us see the charts in this NPXS Token price analysis and Pundi X Price prediction.
Pundi X Price Prediction 2021
Currently, NPXS token holds the 90th place on CoinGecko. But will the recent development and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this Pundi X Price prediction article.
In the monthly time frame chart below, we can see the Bullish Flag pattern. Moreover, the Bullish flag pattern is found in markets with strong uptrends. However, they are called bull flags because the pattern looks like a flag on a pole.
As shown above, at the beginning of this, NPXS turned from its bear to bull trend. This shows a high trade volume occurred in that period. Moreover, in the smaller time frame, NPXS showed a Cup and Handle pattern. We will discuss this pattern toward the end of the article.
The Relative Strength Index (RSI) is at 64, which means that NPXS token is in an oversold state. However, this may lead to a price reversal at any given time.
Therefore, traders must trade wisely and must not be affected by the market hype. With this in mind, traders can be cautious and stay away from unexpected losses due to the crypto market’s wild swings.
Since the start of 2021, NPXS’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations and corrections right away. Taking this into consideration, NPXS has a competitive market this 2021. Moreover, some crypto experts predict March will be altcoins season.
Read also: Crypto.com Price Prediction
NPXS Token Price Prediction Chart Showing Cup and Handle Pattern
As shown below in this Pundi X token Price forecast chart, in a smaller time frame, NPXS has shown a Cup and Handle Pattern.
The pattern indicates a period of consolidation, this might immediately push a price breakout or breakdown. A breakdown from the lower trendline represents the start of a new bearish trend, while a breakout from the upper trendline shows the start of a new bullish trend.
In the short-to-mid term scenario for our NPXS price prediction 2021, NPXS has to break past the Fib retracement level at $0.0044. To do this, it has to establish more support at the Fib level at $0.0036. If not, bears may gain the upper hand and drag NPXS to their territory.
NPXS has a great future ahead of it in 2021. With ongoing developments happening within the NPXS ecosystem, as well as in the overall crypto market, we may see NPXS reach new heights.
Meanwhile, our long-term NPXS price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.015 this year. However, that will only happen if it breaks past a number of psychological resistances. Also, if investors have decided that NPXS is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum.
NPXS is an ERC-20 token and is utilized to pay for operations such as transaction fees on the Pundi X platform.
Users can obtain NPXS tokens by purchasing them from cryptocurrency exchanges such as Binance or Huobi Global.
NPXS is a good investment in 2021. However, NPXS has a high possibility of surpassing its current ATH at about $0.015 this year.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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