Non Playable Coin (NPC) regains Support: Another buying in SightNon Playable Coin (NPC) regains Support: Another buying in Sight
The bulls made a comeback near the psychological support of $0.015 and the price bounced back.
The weighted sentiment curve has shifted to a bullish side, indicating an improved sentiment among the Investors.
Non Playable coin gained traction near the psychological $0.015 level and bounced back higher to trade in green for the second consecutive session. The price suffered from higher levels in the recent sessions in tandem with the broader market's weakness.
However, despite bloodbaths in the broader markets the NPC crypto seemed to be stabilizing deviating from the broader market's fall. The bulls seem to have successfully defended the demand zone and the NPC price may head for a recovery.
NPC is a meme coin with an NFT twist. It was designed to represent the entire human population on Earth, echoing the sentiment of the 2018 meme, "I support the current coin."
Embracing its meme origins, NPC has issued an ERC20 token with a supply equal to the global population count. Moreover, each NPC token can be exchanged for an NFT on a one-to-one basis, adding a unique dimension to its utility.
Weighted Sentiment Curve Turns Bullish
The Non Playable Coin (NPC) has shown resilience in the last couple of sessions above the recent demand of $0.015 level. It suggests that the bulls' presence at the lower levels and the price may head for a recovery.
Moreover, there has been an interesting development in the weighted sentiment metrics in the recent sessions. As per the data obtained by a financial website app.sentiment.net, the positive sentiment have taken a leap due to which, the weighted sentiment curve has improved.
The weighted sentiment curve has surged above the zero line indicating the shift of sentiment from bearish to bullish among the investors. The weighted sentiment curve reflects the combined biasness of the investors whether it is bullish or bearish.
Can Non Playable Coin Reclaim Bullish Territory
The weakness in the broader markets dragged the Non Playable coin lower. However, the bulls established their presence near the support of $0.015 after which the NPC crypto took a rebound.
The daily chart highlights the crypto was trading close to previous day's after recovering from day low. Despite gaining in intraday, the price seemed to be at a risk of falling as it still hoveres in bearish territory.
On the higher side , the price needs to surpass the $0.022 level to reclaim a bullish territory. Until the price stays below this level, the bears may make a comeback and try to claim their dominance over the trend.
What’s Next For NPC Crypto?
The Non Playable Coin (NPC) has demonstrated resilience, rebounding from the $0.015 support level despite continued bloodbath in the broader market. This recovery suggests a possibility of a bullish momentum on the horizon. Moreover, The weighted sentiment curve has improved indicating a positive shift in investor sentiment.
Although NPC has recovered from its daily low, it remains in a precarious position, with a need to break above $0.022 to secure a bullish stance. Conversely, If it fails to cross this threshold, the bearish trend may resume, potentially leading to further declines.
