Can NEXT Crypto Price Keep On Surging In Wedge?

• The NEXT crypto has indicated a gesture of recovery as the price received a thrust upward from a crucial support level.
• The RSI curve is maintaining above 50 level in bullish territory and has crossed the 14-SMA from below.

The Connext crypto was in a spectacular upward trend from the end of November 2023, as the price advanced significantly from $0.05000 to $0.42000. However, at the top was the supply zone; its price plunged some price points and reached support at $0.25000. 

This past price action structure built an upstream phenomenon on the chart, which led to the creation of an upward parallel channel, which NEXT crypto looks like it is following with great discipline.

However, the NEXT crypto has indicated a gesture of recovery as the price received a thrust upward from a crucial support level of around $0.25000 by the buyers on the chart.

The Connext crypto looks like it is poised for an upward optimization in price points as it gears up to demolish the barrier price levels and boost to new peaks from the current trendline support level of the wedge.

The NEXT asset indicates bullish optimization and advancing potential as it holds above the major 20, and 50-day EMA bands, which illustrates the buyer’s strength.

Furthermore, the Connext asset is exhibiting bullish behavior as the MACD tool suggests a possible bullish cross as soon as both the MACD and Signal lines move side-by-side in their domains. Meanwhile, MACD is at 0.014049, the signal line is at 0.01471, and the histogram is at -0.00061.

The RSI is still far from the 70 level, meaning it has the space above to reach the overbought territory. The RSI curve is maintaining above the 50 level in bullish territory, and the curve has crossed the 14-SMA from below, meaning that the NEXT crypto asset is not facing much resistance and can extend its gains.

On concluding the observed chart, the Connext crypto asset indicates bullish traits and infers that it has the potential to advance further. It has performed well in the past week, month, and quarter by 7.83%, 85.77%, and 6438.48% respectively.

At the time of publishing, the NEXT crypto has been experiencing a mere surge of 0.63% in the last 24 hours, trading at $0.32228.

On top of that, if the buyers demand for the Connext crypto’s advances, the asset price could keep rising from the current level. The next goal for the price is to reach $0.50000, and the in-between resistance price level could be $0.42000.

On the flip side, if the NEXT price fails to sustain above the $0.25000 level, it could decline further.

Summary

The technicals suggest the continuation of the uptrend in the Connext crypto price, dependent on the buyer’s surge over the daily time frame chart. Furthermore, its price action, combined with reliable and trustworthy indicators like RSI, MACD, and EMA, portrays a bullish outlook for the NEXT price.

Technical Levels

Support Levels: $0.25000

Resistance Levels: $0.42000 

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.