Newscrypto Coin (NWC) is a digital asset token, currently priced at around $0.12. After reaching its all-time high of $2.22 on 3 May 2021, the token has been subject to intense price fluctuations. The market cap currently stands at around $18.5 million, with a 24-hour trading volume of about $1.4 million. The price has decreased by about 28% in the past two weeks, though it remains over 128% up from its all-time low of $0.05, which is from early April 2021.

According to Rekt Capital, a popular crypto analyst, Newscrypto Coin tokens could display potential that sees it rally up to 100%. To trigger this, a breakout must occur above a downtrending channel potentially forming on its monthly chart. This is possible because a significant amount of the total supply of NWC tokens will remain locked until 2028, providing an incentive for further uptrend.

The primary support level for NWC/USD as per Rekt Capital's analysis is around $0.05. This would represent a potential gain of 150% above Newscrypto Coin’s current price. If a successful breakout is to come to fruition, it could push the price up to $0.35 and potentially higher. For traders to find success, it will not only be important to watch for the breakout to occur but also for bullish trends to remain going forward. As of now, however, Newscrypto Coin's future remains quite uncertain.



Other News from Today