🔎 Analysis of asset NXPC/USDT (1D)

📌 Overall trend:

On the daily chart, NXPC/USDT is showing the formation of an ascending channel, in which the price has been held since the beginning of July. Recently, the asset broke through the consolidation range (purple zone), indicating a strengthening bullish momentum.

📊 Key levels:

Resistance: $1.13 – $1.23 ( upper boundary of the channel and Ichimoku cloud )

Support: $0.97 ( the nearest MA and SAR ) and the zone $0.86 – $0.87 ( key accumulation base )

📈 Indicators:

MA (7/25/99): The price is above all moving averages, confirming an upward trend.

Parabolic SAR: SAR points below the price indicate a bullish signal.

Ichimoku Cloud: The price broke through the cloud but bounced down from its upper boundary.

An "ascending wedge" is forming, which requires increased attention — a correction or false breakout is possible.

📌 Scenarios:

✅ Bullish: A breakout above $1.13 with a hold above the Ichimoku cloud is a signal for continued growth towards $1.30 and above.

⚠️ Bearish: Loss of support for the channel ($1.00) and return to the range $0.86–$0.97 — a signal of trend weakening.

📍 Withdrawal:

NXPC maintains a positive momentum in the short term. The key point will be the test of the upper boundary of the channel ($1.13+). A consolidation above will confirm the continuation of the upward movement.