Although the price of NXPC has risen by 20% from its low point, the open interest of its bottom contracts has doubled, which is a contrast worth following. Observing the four-hour and higher time frame charts shows that the net value of the contracts presents a clear positive capital inflow trend. For a small-cap coin that is at a relatively bottom position, this is a quite positive market signal.
From the perspective of capital flow, the main funds show a relatively strong willingness for short-term positioning. As the overall cryptocurrency market stabilizes and rebounds, NXPC is likely to have a remarkable performance. However, it is important to note that there are a small number of short positions hidden on the current lower-level charts, which indicates that there may be a certain demand for correction in the short term.
Investors should focus on the red area in the candlestick chart. If the price can maintain a fluctuating trend within this range, the lower edge of the range will provide a relatively ideal entry opportunity. Market participants should closely monitor changes in this key price area to seize potential trading opportunities.
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Although the price of NXPC has risen by 20% from its low point, the open interest of its bottom contracts has doubled, which is a contrast worth following. Observing the four-hour and higher time frame charts shows that the net value of the contracts presents a clear positive capital inflow trend. For a small-cap coin that is at a relatively bottom position, this is a quite positive market signal.
From the perspective of capital flow, the main funds show a relatively strong willingness for short-term positioning. As the overall cryptocurrency market stabilizes and rebounds, NXPC is likely to have a remarkable performance. However, it is important to note that there are a small number of short positions hidden on the current lower-level charts, which indicates that there may be a certain demand for correction in the short term.
Investors should focus on the red area in the candlestick chart. If the price can maintain a fluctuating trend within this range, the lower edge of the range will provide a relatively ideal entry opportunity. Market participants should closely monitor changes in this key price area to seize potential trading opportunities.