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Nine Chronicles (NCG) bulls are driving the token’s price upwards after a prolonged downturn.
As at 10.51am EST, NCG is trading at $0.096, up more than 38% in the last 24 hours on trading volume that soared 2,396%.
But how high can NCG’s price potentially go?
NCG Faces Resistance at $0.19
The NCG price chart shows a significant decline from a local high of $0.31. During this period, the bears appeared to be in control as the price formed a falling wedge pattern.
However, the situation changed when the bulls entered the market with strong momentum, leading to a sharp increase in price.
The chart shows that the bulls found strong support around $0.06, slightly above the major support level of $0.045. This support level was crucial in attracting buyers and pushing the price higher.
Nevertheless, the recent surge encountered resistance at $0.19, causing the price to fall below the upper trendline of the wedge. The question now arises: Can it rebound from this setback?
The price is trading below the 200-day moving average, which suggests a potential further decline.
However, there is hope for the bulls as the 50-day moving average might act as a support level, potentially limiting their losses and facilitating a rebound.
The relative strength index (RSI) points downwards at 54, indicating a decline. It currently sits below the overbought region of 70 and is close to its neutral position of 50.
A rebound at the 50 mark could empower the bulls to drive the prices upwards. Additionally, the Awesome Oscillator remains green, signaling that the upward momentum is still active.
As NCG continues to soar, XRP20 (XRP20) emerges as a strong contender as an alternative investment coin.
XRP20 Alternative to NCG
XRP20, a new coin, is about to introduce stake-to-earn capabilities to the XRP ecosystem, adding an exciting dimension to its features. XRP20 substantially enhances its scarcity value by removing 10% of the total token supply.
This is achieved by sending equivalent coins to a designated burn address. Additionally, XRP20 functions as a deflationary coin. Each buy-and-sell transaction results in a 0.1% burn, gradually decreasing the token supply over time.
Presale buyers receive an allocation of 40% of the total token supply, while another 40% is reserved for staking. Ten percent of the tokens are also earmarked for decentralized exchange (DEX) liquidity.
XRP20 is different from XRP in a crucial aspect: it does not reserve any tokens for founders or team members, ensuring a level playing field for all participants.
The XRP20 coin has cultivated one of the most active communities in the crypto space, making it highly attractive to potential investors.
XRP20 Presale Funding Raises a Remarkable $3.9 Million
The presale of XRP20 has a minimum soft cap target of $1,850,000, with expectations of selling out quickly. The presales hard cap target is set at $3.9 million.
https://twitter.com/XRP20_coin/status/1686339872955457536?s=20
If you missed the opportunity to buy XRP, you now have the chance to purchase the new XRP20 version at a much lower cost of just $0.000092 in the XRP20 presale.
To acquire XRP20, interested individuals must visit the official website, connect their crypto wallet, and complete the Ethereum or USDT payment. Acting promptly is essential to secure XRP20 before it gets listed on exchanges.
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