On October 10, 2023, the NTRN coin, which was listed on Binance, experienced a significant surge today, becoming the subject of headlines. The cryptocurrency impressed with an approximate 20% increase today. What can be expected for the NTRN price from this point on? Can the critical resistance levels be breached? Let’s take a look at what the analysts have to say.
Analysts’ Opinions on NTRN Coin
An analyst going by the name ChartsGuy shared a chart in his commentary on NTRN. According to him, the NTRN price fluctuates between the gray liquidity wall boxes, and he emphasizes that the trend line acts as a liquidity provider.
The analyst points out that if this trend line is reclaimed, the NTRN coin’s price could skyrocket upwards. ChartsGuy suggests a patient approach, waiting to see if the price will be rejected by the trend line. He notes that the $1.68 level will be a significant resistance and that surpassing it could lead to price levels around $3.
The $1.37 Critical Resistance Level
Another analyst named Crypto Paladin, who is long on the NTRN coin, indicates that the $1.379 level has become a critical resistance for the cryptocurrency. According to the analyst, surpassing this level could take the NTRN price to even higher levels. He believes that the $1.70 level will act as a strong resistance.
However, the analyst mentions that if the determined resistance is not broken, such a development could push the NTRN coin’s price below $1.20. The analyst has identified the range between $1.25 and $1.20 as support for the NTRN coin, which would imply a downward movement.
Current Status of NTRN Price
At the time of writing this article, the NTRN coin price has broken the critical resistance of $1.379 mentioned by analyst Crypto Paladin. The altcoin NTRN is currently trading at the $1.40 level.
Since the NTRN coin is a new cryptocurrency, it should be considered an altcoin that will experience its first bull season. Therefore, the next phase for the altcoin will involve surpassing previous peak levels. Every level reached after passing the $1.68 level will represent historic highs for the cryptocurrency.
